Refinance, Home Equity, and New Home Loans!
When you are ready to shop for a loan you have three
basic choices -- direct lenders, mortgage brokers, and
Mortgage Quotes shops.
- Direct lenders have money to lend. They make the final
decision on your application. Lenders have a limited
number of in-house loans available.
- Brokers are intermediaries who, like you, have many
lenders from which to choose. If you have special financing
needs and can't find a loan to suit them, an experienced
broker may be able to ferret out the financing you need.
Mortgage brokers, however, are paid with a slice of
the amount you borrow, some more than others.
- Mortgage Quotes shops are like brokers in that they
have many, many more loans and lenders to choose from.
The benefit of using a mortgage quotes broker is that
the lenders using them know that they really have to
compete for your business. So, you tend to get much
better mortgage quotes than otherwise.
Along with shopping the source, you'll also have to shop
loan costs, including the interest rate, broker fees,
points (each point is one percent of the amount you borrow),
prepayment penalties, the loan term, application fees,
credit report fee, appraisal costs and a host of others.
Not all Mortgage Quotes are Equal
Some mortgage quotes shops make extra cash by selling
your email address to spammers. They also may not have
access to a wide array of mortgage lenders. So, you the
lack of competition and options will typically not yield
However, we SO thrilled to have found LowerMyBills. They
are courteous, professional, helpful, have every major
lender under their belt, and delivered excellent competitive
bids. We highly recommend LowerMyBills for a great
starting point (and most likely last stop) in finding
your next home loan. The mortgage quotes you receive from
LowerMyBills will pleasantly surprise you! So,
visit their today and fill out their simple, short, 1-minute
form for your mortgage quotes!
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