Start by comparing the quality of the advice, communication, loan options, and complete cost rather than choosing from an advertised rate alone. Ask each lender to explain the rate, points, lender credits, fees, cash required, expected payment, and how long it takes for any upfront cost to break even.
A good mortgage advisor should also understand the property and local transaction, identify possible appraisal or eligibility issues early, and be willing to tell you when waiting or choosing a different option makes more sense.
Jeff Lake serves borrowers in Idaho and Oregon through UMortgage. His standard is simple: understand first, decide second.