If you are currently on the market for a new home, or you are looking to refinance your current mortgage, one of the most important things to you when shopping around for a home loan will be the mortgage interest rate.
Of course you will want your mortgage interest rate to be as low as possible, so take some time to shop around for the best deal.
Shopping around for the best mortgage interest rate is very important because you want to go with the best deal possible. Dont just settle for the first lender you come across and go with whatever rate they may offer you.
By shopping around you can compare rates and products. The difference in one percentage point on an interest rate can mean thousands of dollars in savings over the course of a thirty-year mortgage.
Think of shopping around for a mortgage the same as shopping around for a new car.
When you are on the market for a new car, you visit two or three car dealerships, you speak with a few different sales people, you test drive a few different cars, than make your decision on the best car at the best price.
Treat the concept of shopping for a mortgage the same as you would if you were...