By Alan Fine
"Good advice and a broad selection of lending sources at competitive cost are your best allies for home financing or refinancing"
Where do you find these services? A broad selection of lending sources can be found through mortgage brokerage networks, which offer a choice of wholesale lending sources and programs. Much like a travel agency offers you many airline choices, at the same price as calling direct to an airline.
Competitive Cost. Obtaining loans from wholesale lending sources will enable you to get competitive prices, most of the time in the lowest price loan category that you qualify for. The big name banks in your neighborhood are generally higher than the best selection of wholesale sources.
Advice. The loan agent or company should guide you from a financial planning perspective. After establishing your objectives and priorities of what the loan should do for you, a loan program can be recommended to fit your goals.
Interest Rates. Advice of when to lock
your rate is critically important because of the volatile interest rate market. Loan costs and rates can swing through the loan process from 1/8% to 1/2%, increasing your borrowing cost by thousands of dollars, and tens of thousands over the term of a loan. A lock strategy can often prevent higher costs and at times obtain a lower rate for the borrower.
About the author:
Alan Fine, real estate and mortgage advisor, has developed a rate lock service advising mortgage brokers on the interest rate trends. His research has been published in the national Mortgage Originator Magazine, Mortgage Banking Magazine as well in The San Diego Union-Tribune newspaper.
Simply take 30 seconds to send back the simple form to the left, by
reply e-mail and let us begin to professionally advise you on obtaining
the best real estate loan available for your needs.
Click
here to search available mortgage rates. 
