Shop for Loans- it is possible

Over 50% of home buyers don’t shop for loans to find the best interest rate for their mortgage.

While a buyer would rarely purchase the first home they look at, they will accept the rate and terms offered by only one lender. While the borrower and the property affect the rate and terms that a lender may offer, not all lenders offer the same terms and rates to the same buyer.

I advise my clients that shopping around to compare rate and terms for a mortgage is a reasonable exercise considering that a half percent less interest rate could not only lower the payment but the cumulative interest that is paid while that loan is outstanding. Remember to shop for loans before making your decision

When you are ready to buy or sell your home, contact one of the most experienced Realtors in town- Dupont Real Estate.

(Taken from crs.com)