Author: Evan Vanderwey
Website: http://www.lansingmimortgage.com/self-serving-or-true.html
This post covers something I often think but rarely say because it sounds as though I am being very self serving. But because blog readers are volunteers, I think this is the right medium in which to present it.
COST AND RATE SHOPPING…
This is very important but I would like to present the reality of what a 1/8th of one percent in the interest rate and/or $600 in closing cost really are. I use these amounts because it’s over this kind of difference that I see some jump ship from one lender to another. Now I’m Dutch, and I like saving money. So hear me when I tell you that it’s not wrong to shop around and make sure you’re getting a good deal. Just make sure you understand what the numbers are really worth.
Anyone who says they think they know for sure what will happen tomorrow (about rates or anything else) is at best naïve and potentially lying. This may be you, this may be your loan officer. Either way, if you’re looking at a great deal but holding out for…
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