Just as with any other purchase, failure to shop around the marketplace before settling on a lender is apt to cost you money. And when it comes to mortgages, those costs can really add up. For example, on a 30-year mortgage, a difference in just one-half of one percent interest would increase your monthly payment… Read More
Should I Shop Lenders?
When buying a house, for many purchasers, the shopping ends once they’ve found their dream home. As exhausting - and ultimately rewarding - as that search may have been, you could very well be missing out on even greater benefits, if you don’t also shop available lenders.
But when exactly is the right time to consider a refinance? There are some important considerations when deciding whether to refinance. For most homeowners the main purpose of refinancing is to either shorten the term of the loan, reduce the monthly payments, switch between a fixed-rate or adjustable-rate loan, or use home equity.… Read More
