Comparison shop that interest rate
Interesting article in Sunday’s Los Angeles Times, pertaining to interest rates and mortgage brokers. Anyway check this out:
– Online pricing guide for participating lenders, it is a great way to start your loan search.
– Online pricing guide for participating lenders, it is a great way to start your loan search.
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This may be the real discount you were looking for when buying a home. Getting the right interest rate and definatley something to be research and find the lender that offers you the best option to live with the mortgage at a comfortable level.
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Many people are looking for the short sale or foreclosure for the lowest price house and shopping for the best price interest rate is a good idea also. Your credit rating is what determines your interest rate and your downpayment. So keeping this in mind shop around and find the best deal you can. It is a great time for many possiblities for homeownership.
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Shop local for that interest rate. There have been reports of many online services falling thru at the last minutes and causing losses in loans for buyers. When you shop local you can go meet in person and you are less likly to be lost in the shuffle.
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Absolutely shop local with reputable firms! I only meant this as a starting point to get "an idea" as to what is being offered. We just had a closing delayed because the lender ran out of money! Really
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