Mortgage and Refinancing Information Channel:
We would like to thank the local libraries, schools, and universities for recommending students to visit us when doing research on any of our information topics.
Home Mortgage Lenders - How to Find A Good Mortgage Broker Online
Mortgage lenders have set up shop online, but they aren't all reputable mortgage brokers. To find a good mortgage lender you need to compare rates and research to find reputable companies.
Mortgage Broker Services
A mortgage broker works with several lenders to find the best financing for the purchase of a home. No matter if you have perfect credit or bad credit, typically a mortgage broker can find you a lower mortgage rate than if you went with your neighborhood bank.
It is important to remember that brokers are paid by adding on a fee or point to the loan, so you should do comparison shopping even with a mortgage broker.
One Stop Shopping
Online mortgage brokers have reduced time spent comparing mortgage lenders by consolidating information about several lenders into one site. Through such mortgage sites, you only enter your information once to receive interest rates from several different mortgage lenders.
Compare Rates And Fees
While online mortgage brokers make getting quotes easy, it is important to still take the time to compare rates. Your mortgage rate will be based on current interest rates, the property's location, your credit score, and employment history. If you receive a rate quote without providing this detailed information, then you are just getting a general estimate.
General estimates for mortgage rates are still a useful tool to narrow your choices to at least three lenders. You can then apply for a true mortgage estimate with the most promising companies. With these true mortgage quotes, look at both the rates and fees to determine the actual cost of the loan.
Research Reputable Companies
Interest rates aren't the only factor to consider when comparing mortgage lenders. You should also be comfortable with the lender's reputation. Unfortunately, there is not a list of reputable mortgage lenders, but common sense can protect you from a bad mortgage lender.
First, do research on your top choices for mortgage lenders. Check out the lender's website to find their physical location, list of terms, and available customer support. Secondly, beware of too good to be true claims, such as statements that this is the only company that will finance your mortgage loan. And finally, do not sign any blank forms from a lender. You don't know what they add later.
To view our list of recommended mortgage lenders online, visit this page: Recommended Mortgage Lenders Online.
Carrie Reeder is the owner of ABC Loan Guide, an informational website online about various types of loans.
MORE RESOURCES updated Fri. August / 07 / 2020
Don't let mortgage rates distract you. You should also consider this when refinancing - Fox Business
Rocket’s Refinance-Fueled Blastoff Might Not Last The Wall Street Journal
How to Refinance a Jumbo Loan Credible News
Refi Rates Today, July 24, 2020 | Rates slide Bankrate.com
Now's a good time to refinance your mortgage KTNV Las Vegas
Is It Already Time To Refinance Again? Mortgage News Daily
What is the average refinance closing costs? The fees add up Business Insider
Current Refinance Rates, July 15, 2020 | Rates slide Bankrate.com
Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings - CNBC
Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings CNBC
Mortgage industry faces 'tsunami' of refinancing deals Phoenix Business Journal
You might have a tough time getting a 'jumbo mortgage' during pandemic. Here's what to expect - CNBC
Don't make these mortgage refinancing mistakes | Business | swoknews.com The Lawton Constitution
The Tax Breaks for Homes That Help You Now The Wall Street Journal
What is the cheapest way to borrow money? Fox Business
What Is A No-Closing-Cost Mortgage? Bankrate.com
New SimpleNexus eClosing feature enables mortgage lenders to conduct speedy and convenient hybrid closings of purchase and refinance loans - TippNews DAILY
New SimpleNexus eClosing feature enables mortgage lenders to conduct speedy and convenient hybrid closings of purchase and refinance loans TippNews DAILY
Compare mortgage, refinance, insurance, CD rates Bankrate.com
Mortgage rates hit historic low and local real estate market soars WNEP Scranton/Wilkes-Barre
Should I pay off my mortgage or invest the money instead? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Should I pay off my mortgage or invest the money instead? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Mortgage refinance: Everything you need to know Fox Business
How to get the best mortgage refinance rates Fox Business
How to refinance your mortgage Fox Business
7 ways to make extra income in retirement Bankrate.com
Here's how to pay off your mortgage faster (But should you?) | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Here's how to pay off your mortgage faster (But should you?) | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Figure Names Wall Street Vet Robert Hershy as Head of Capital Markets Effort for Provenance - Business Wire
Figure Names Wall Street Vet Robert Hershy as Head of Capital Markets Effort for Provenance Business Wire
10 things to know before refinancing your mortgage Fox Business
Is now the best time to refinance your mortgage? Fox Business
There Has Never Been a Better Time for Co-ops to Refinance Habitat magazine
When should you refinance your mortgage? Fox Business
Mortgage refinance applications spike 79% as homeowners rush to take advantage of lower rates - CNBC
Record number of borrowers can now save on a mortgage refinance as rates drop from coronavirus fears - CNBC
Record number of borrowers can now save on a mortgage refinance as rates drop from coronavirus fears CNBC
With Mortgage Rates So Low, Getting a Floating Rate Mortgage Might Seem Crazy. Here's Why I Did It Anyway - MONEY
With Mortgage Rates So Low, Getting a Floating Rate Mortgage Might Seem Crazy. Here's Why I Did It Anyway MONEY
How does mortgage refinancing work? Bankrate.com
Should I refinance my house? Mortgage rates drop to 50-year low as coronavirus spreads across the U.S. — and the world - MarketWatch
Should I refinance my house? Mortgage rates drop to 50-year low as coronavirus spreads across the U.S. — and the world MarketWatch
I refinanced my mortgage during COVID-19, and thanks to low interest rates I'll save about $50000 - Business Insider
I refinanced my mortgage during COVID-19, and thanks to low interest rates I'll save about $50000 Business Insider
The impact of the coronavirus on mortgage refinancings Brookings Institution
The basics of no-closing cost mortgage refinancing Fox Business
Weekly mortgage refinance applications spike 15% as interest rates plunge to lowest in nearly 4 years - CNBC
Weekly mortgage refinance applications spike 15% as interest rates plunge to lowest in nearly 4 years CNBC
Successfully Refinancing Your Mortgage Isn’t Just About Getting A Great Interest Rate. Here’s What Else You Need To Look For - Forbes
Successfully Refinancing Your Mortgage Isn’t Just About Getting A Great Interest Rate. Here’s What Else You Need To Look For Forbes
Rushing to Refinance Your Mortgage: 6 Tips and What to Avoid The New York Times
Right now would be a good time to refinance your mortgage Tampa Bay Times