When buying a home, what is the best lender to use for a mortgage?

...a lender that would give the best possible mortgage rate.





I realize that this is a rather vague question, but please make at least a general input.





Thanks.When buying a home, what is the best lender to use for a mortgage?
I have two houses with mortgages, and here's what I learned:





Great banks = Wells Fargo Home Mortgage and Wachovia Mortgage. Great rates, minimal paperwork, intelligent banking staff.





Horrible banks = Bank of America and Ditech (legal name is GMAC). Rates are higher than everyone else, mountains of paperwork, and their banking staff are dumb as a box of hair (they applied my entire mortgage payment to extra principal, then charged me a late payment fee for not paying my regular mortgage payment).When buying a home, what is the best lender to use for a mortgage?
Wachovia is the best I have used or heard about so far.
It depends on your situation. There are some companies that do only work with people with great credit, but they typically have pretty rigid guidelines. There is more to a mortgage than the interest rate, and you want to be careful of that. I would shop around and find out who fits you best.
Merrill Lynch


1) only gives credit to A1 rating


2) This leads to better pricing for the mortgagees


3) Competative rates


4) Can use LIBOR interest rate instead of prime which could give you a better rate


5) You will also be dealing with a financial advisor who can help in other financial queries

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