What is important when selecting a mortgage lender?

It is important to take into consideration the following items when selecting a mortgage lender:

• Interest Rate & Annual Percentage Rate
• Monthly payment and term
• Total amount of closing costs
• Upfront appraisal costs
• Servicing of loan
• Ability to approve loan and close on time
• Knowledgeable Loan Officer
• Communication with Loan Officer during and after the loan closes