Live Rate Quotes

Be sure you are making an apples-to-apples comparison by using same-day similar rates for identical types of mortgages. (For example, if you are shopping mortgage rates and have a quote for a 30-year fixed at 5.25%, only compare it to other same-day 30-year fixed quotes at 5.25%.) You will find that mortgage rates and closing costs can change significantly from one day to another.

To ensure the quotes are reliable, ask the lender(s) if they are willing to guarantee (lock) the terms and rates for the time necessary to close your loan. This is a wise approach to get reliable rate and price quotes.

The best mortgage rate may not always be the best loan. There are very important considerations beyond rates and fees when shopping for a mortgage. Customer service, lender experience, and a company’s track record all contribute to your satisfaction in obtaining your loan. You want to work with a lender who knows what they are doing and can deliver on their promises. Always look for a company willing to put their promise in writing. Remember that price is what you pay, but value is what you get.