Category: Mortgage Rates
What is a Mortgage Broker?
Mortgage brokers are professional consultants who help home buyers locate the appropriate loan product and lender. Because they have access to more lenders and products than loan officers at banks, mortgage brokers can assist homebuyers in finding their dream loan at competitive terms. Finding an experienced mortgage broker will save both time and money when…
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How Different Mortgage Rates Differ
Mortgage rates differ by loan amount, down payment, and credit score. Understanding how these factors influence mortgage rates is critical for securing the best mortgage loan possible. Mortgage rates are determined by banks and lenders based on loan criteria. However, sometimes brokers offer bizarre mortgage rate combinations. When it comes to rates, it's important to…
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