One of the most difficult tasks about buying a home is finding a home loan company. In some cases, the realtor that handles the contract for you may have someone his company usually uses, but what if you buy directly from the seller? How do you find someone to find your home purchase if there is no realtor or builder who can advise you?

Where do you start looking?

Like any task that you have to perform, the hardest part is getting started. You have the home you want to buy, the price is one you can afford, but you have no idea how to find a home loan company. Instead of staring at the wall while you figure it out, start developing a plan. Where are all the likely places that you might expect to find information that you need? Have a pen and paper in hand and start writing down the places you want to look.

Refer to your list

While you are writing things down on your list, try to put them in the order in which you plan to use them. Some of the possibilities you might list include: * Newspaper

* Telephone directory

* Radio and television advertisements

* Billboard signs

* Storefront advertising

* Referrals by friends, neighbours, or co-workers

* Internet search

You may think of some other sources for a home loan company that you may want to include such as local flyers, newsletters, or somewhere you just drove by and saw (a new opening).

Write down some questions

You dont want to sound like you have no idea what you want to say, even though you may be in the dark, so make a list of questions that you want to ask each potential home loan company. They can be general questions for now; you can get more specific later when you are ready to choose lender. The questions you want to ask during this phase of your search include things like interest rate, application and other fees required with application, down payment requirements, prepayment penalty, and repayment term. Until you are ready to make a decision about a home loan company, you do not need to ask anything more specific.

Make some inquiries

Your list should consist of enough potential lenders to allow you to get a good picture of what to expect from a home loan company. Ten is a good number with which to start - enough to give you a good feel for the market but not so much that you become overwhelmed with the research. Make sure the lenders you contact have information that you can verify, and if not, those are the first ones you want to scratch from your list. When you finish eliminating those who dont sound like the one with whom youd want to do business, you should have only one left. You will contact this lender for more specific information, so that you can finalize your decision to place your application with this home loan company.

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