The mortgage industry is very volatile right now. From lenders and brokers closing shop to programs disappearing and rates fluctuating wildly and a foreclosure problem that doesn't seem to be getting any better; the mortgage business is in a state of transition and confusion. That is why, now more than ever, you need to choose who your mortgage company is very carefully. It is imperative that your broker or loan officer is experienced in the industry and has the knowledge and experience to whether the storm with you.

Choose your Mortgage Professional carefully and don't be afraid to ask them questions.  Interview them, ask how long they have been in the business and what kind of track record they have helping borrowers like yourself.  The size of the company doesn't matter, nor does it matter whether your mortgage comes from a large national bank or small family show.  What matters is that they have your best interests at heart and offer you a complete and thorough Good Faith Estimate, Truth-in-Lending Statement and FACT Act Statement within three days of your application.