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Buying residential real estate is fraught with rules and regulations that both the buyer and the lender must comply with. Real estate agents and loan officers do a good job of attempting to explain those requirements to buyers as do real estate lawyers when a buyer decides to use one. Still, the parameters can change from one lender to another and from one loan type to another.
An educated buyer is a successful buyer. He understands what is involved and what he is getting into when he deals with residential lenders. Banks, mortgage companies and others involved in the process can turn a relatively simply transaction into a nightmare unless you are prepared. With all the fine print, it is easy to get lost. Where do you go to learn what you need to know before speaking with residential lenders?
Business.com has the answer to that question. They have an extensive list of lenders, mortgage brokers and sites that can inform you about all the rules and regulations. It may not be as informative as speaking with a lawyer but it might just be the next best thing. Whatever you need to help you understand your real estate transaction, you can find at Business.com.