Listed below are some characteristics you should look for when choosing a lender. Also things you should not do when choosing a lender. Quoted rates over the phone are rarely locked prices. This is one way some lenders get you to come into the office. Rates can be subject to change unless they are predetermined for a specific period of time.
Interest rates change daily.
A quote you get today may not be the same price you get tomorrow. Interest rates quoted over the phone may not be a program that will fit your needs or situation.