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The first thing you should do once you have committed to the idea of purchasing a home is to find a Wilmington mortgage lender. A reputable lender will be able to answer any questions you have about which mortgage is right for you and will also be able to get you quickly pre-approved so you can make an offer on the home of your dreams.
In order to find the Wilmington mortgage lender that will best suit your needs, you will need to do a little comparison-shopping. Begin by asking friends and family who own a home in the Wilmington area that they used for their Wilmington mortgage lender. If they were happy with the lender they worked with then chances are you will be too.
Your next step should be to call each recommended Wilmington mortgage lender and set up a mortgage consultation appointment with them. Try to set up each appointment fairly close together so you will be able to quickly determine who can offer you the best deal and get pre-approved.
When making your appointment you should also ask the Wilmington mortgage lender if you should bring in any documents relating to your financial or employment history. By having the appropriate documents handy, you can speed up the pre-approval process and also ensure an accurate quote on an interest rate. Most likely you will need to bring copies of your last two W-2’s or tax returns, your last pay stub, a recent copy of your credit report, and names, addresses, and phone numbers of previous employers dating back two years.
Comparison-shopping will prevent you from being quoted into an interest rate that is too high for your situation. If each of the Wilmington mortgage lenders knows that you are shopping around they will also want to make their services most desirable to you. This will only benefit you in the end.