Troy Wilkerson, Realtor, The Broker Network
In case you missed HOWNW Facebook post yesterday...
According to Freddie Mac, nearly half of consumers don't shop for better rates before taking out a mortgage to buy or refinance a home. Worse, many consumers do not seem to realize that the rates offered by lending institutions vary widely. With a 30-year fixed rate mortgage averaging 4.94% in the first full week of November, its highest rate since February 2011, shopping for a lender can be more important than ever. Comparing interest rates, terms, and fees may save borrowers money in the short and long term.
For more information on finding a lender and choosing a mortgage visit http://hownw.com/home-buying-process/applying-for-a-loan/.