Lenders

Lenders are very competitive and will often promote cheap home loan packages via advertisement on television and in the newspaper. Some cheap home loans are those in which the lender pays the closing costs. These are rare, but not unheard of. Whether the borrower goes local or chooses to work with an Internet based lender, he should read all the fine print and make sure he is truly getting good terms. Having a high credit score will greatly increase the debtor's chances of finding good terms because he will qualify for a lower interest rate.