How to Choose a Mortgage Lender

5 min read   •   Dec 22nd, 2022 - 09:17

How to Choose a Mortgage Lender

Nathan Kowarsky

Written by

Nathan Kowarsky

When it comes to choosing a mortgage lender, it's important to do your research and consider a number of factors to ensure you get the best deal possible. Here are some tips for finding the best mortgage lender and avoiding common pitfalls:

  1. Shop around: Don't just go with the first lender you come across. Instead, take the time to shop around and compare offers from multiple lenders. This can help you find the best rate and terms for your mortgage.

  2. Consider fees: In addition to the interest rate, be sure to consider the fees associated with each mortgage offer. These may include origination fees, closing costs, and other charges that can add significantly to the overall cost of the loan.

  3. Read the fine print: Make sure you understand all of the terms and conditions of a mortgage offer before you accept it. Pay particular attention to details like the length of the loan, the type of interest rate (fixed or adjustable), and any prepayment penalties.

  4. Check the lender's reputation: Do some research on the lender's reputation and track record. Look for reviews and ratings online, and consider talking to friends or colleagues who have worked with the lender in the past.

  5. Avoid predatory lenders: Be wary of lenders who seem more interested in making a sale than in helping you find the best mortgage for your needs. These predatory lenders may use high-pressure sales tactics or try to convince you to take out a mortgage that is not in your best interest.

Overall, the key to finding the best mortgage lender is to do your research, compare offers from multiple lenders, and be wary of anyone who seems more interested in making a sale than in helping you find the best loan for your needs. By following these tips, you can help ensure that you get the best mortgage for your situation and avoid any potential pitfalls along the way.

Nathan Kowarsky

Nathan Kowarsky

CEO NMLS: 294599

As CEO, Nathan understands the needs of his clients, and creates a plan to meet them. It’s that intuitive sense – intersecting with his deep expertise – that drives results.

During the course of his career, Nathan has funded more than 7,000 home loans. It is based on that knowledge that he walks clients through each step of the process, and trains his staff in the same standards and methodologies.

Nathan’s philosophy is straightforward: professionalism and competency require integrity and honesty. Those principles infuse the leadership he brings to Clear Mortgage Capital (CMC). Positioned as a subject matter expert, and acknowledged as an industry leader, Nathan understands that growth is not sustainable without delivering quality service and actively shaping CMC’s corporate culture.

In May 2022, Nathan received the 2022 Visionary Innovation award from the Association of Independent Mortgage Experts.   Following suit, in October 2022, LA Times awarded Nathan as 2022 OC Visionary in the finance/banking category.   Nathan has also been featured on ABC7 LA as a subject matter expert, commenting on recent market conditions. 

Prior to founding CMC, Nathan spent four years as President of E Capital Mortgage. During that time he oversaw over 700% growth. Previously, Nathan served as a senior mortgage banker, loan officer, and trainer for several industry leaders, including LendingTree, Nationstar Mortgage (now Mr. Cooper), and loanDepot. He holds a Bachelor’s Degree in Business Administration and is affiliated with the California Bureau of Real Estate and Orange County Association of Realtors. Recently, Scotsman Guide ranked Nathan among the Top 10 mortgage lenders in Irvine, California.

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