Gilpin Mortgage

How to Shop for a Mortgage

Get recommendations from people you trust... friends, your Realtor, your attorney, colleagues.
Find out if the company has a good track record. How long have they been in business?
Look for "competitive" interest rates. Watch rates for several weeks to see who is consistently competitive rather than in and out of the market.
Know the total fees being charged. The rate may be lower, but it's no bargain if the fees are so high they offset the interest rate savings.
If an interest rate seems too good to be true... it probably is! Find out if you are paying for that great rate in extra points and/or fees.
Be careful of "bait and switch." A company advertises one rate, but when you go to apply, it's another, or they talk you into another program completely.
Have the mortgage company pre-approve or pre-qualify you. Make sure they send you a Good Faith Estimate of closing costs.
Find out how and where your loan will be processed. Many companies simply send your file to a processing center. If you like personal service, look for local processing and underwriting.
Find a Loan Officer and staff that returns your phone calls promptly.
The mortgage process can be complex. You need a Loan Officer with experience, patience and understanding. Make sure you are comfortable. After all, you're the customer!

Rates & Programs ~ First-Time Buyer ~ Executive Lending
How Much House Can I Afford? ~ Why We are the #1 Mortgage Banker
Calculators ~ Answers to your Questions
Loan Officers & Service Representatives ~ Refinancing
Online Loan Application ~ Pre-Qualify For a Loan ~ About Us ~ Contact Us
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Gilpin Mortgage
The Rockford Shops
1400 N. Dupont Street
Wilmington, DE 19806
302-656-5400 • 800-343-8323

For our personal touch, feel free to call us at 302-656-5400 or outside Delaware at 800-343-8323. Humans are available from 8:00 am to 5:00 pm, Monday thru Friday