Is My Home Lender Honest? |

NEW YORK, Feb. 1, 2013 /PRNewswire-iReach/ -- With all of the talks surrounding million-dollar settlements and investigations into different banks, it's only natural to wonder if the home lender you're thinking of working with is honest. So, before you sign on the dotted line with a lender from's Mortgage Center, take advantage of this advice. That way, you'll be able to rest easy knowing that the largest purchase you'll ever make is in the right hands!

-  Understand what lenders have to go through in your particular state

Hey, if a lender is going to learn all about you, then you should be able to learn all about them, right?! Different states have different requirements for their mortgage loan originators, so find out exactly what's required in your state. Once you find out about various licenses and background checks, you might feel a whole lot better. Or, if you discover that your state doesn't require a whole lot in the background department, it might motivate you to do some additional checking of your own!

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-  Talk to the Better Business Bureau

This is a great (free!) resource that most consumers don't take advantage of. The BBB can tell you if there have been any complaints filed against a certain business (in this case, your potential lender) and what the outcomes of those complaints were. The BBB grades businesses on an A to F scale, so you'll be able to get a good idea of how your potential lender operates before having to find out about any problems firsthand!

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-  Get a few different quotes

Want to see if your lender is being straight with you? Talk to some of his competitors! After all, if Lender A tells you something that's totally off-base, Lenders B and C will give you quotes that are completely different. But, if Lenders A, B, and C all give you quotes that are pretty much the same, then it's probably safe to assume that no one's trying to pull any fast ones over on you. mortgage tips: How Your Appraisal Can Ruin Your Mortgage

-  Read the fine print with a fine-toothed comb

Just like any other legally-binding document, your mortgage is going to come with a ton of fine print. Instead of just pushing it to the side and asking where to sign, read it! That way, you'll be able to see if there's anything less-than-savory hidden in it. After all, the devil's in the details! If your lender really is sneaky, you'll find something tricky in the fine print. So, go over it carefully, and – if you really want to make sure it's up to snuff – have a lawyer go over it, too.

Media Contact: James Paffrath, 1-(866) 960-8649,

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