#2 Tip: Use the market information. You will receive a copy of any appraisal ("appraisal") at least three working days before the closing. The appraisals can give you an estimate of what is worth a House. You can also obtain their own independent appraisal. If pricing is well below the price it offered to pay, you might want to carefully consider the renegotiation of the price or the review of the work of the appraiser to understand how the appraiser came to the estimated value.
#3 Tip: Get reliable help. Any company that receives payment to help you find or obtain a mortgage should empower their agents, brokers and loan originators and make sure that you have passed a background ("background check") check. With few exceptions, people who hire to help you find a mortgage must have license or be registered at State or federal level. Ask your loan originator about their credentials.
#4 Tip: Watch out for the charges. New mortgage regulations of the CFPB limit charges that a lender can charge and do what is called a qualified mortgage. In general, qualified mortgages do not have particularly risky features and points and fees are less than 3% of the total loan, although charges may be higher for loans of less than $100,000. These rules don't require lenders to limit charges. You still have to decide for itself whether it is good idea to pay high fees to get a loan. And be sure to check your closing statement carefully to be sure that there are no charges there that did not accept pay.