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Where to shop for Mortgage rate? Online?

Posted on 11/5/13 at 10:46 am
Posted by TigerFanatic1
Monroe, LA
Member since Aug 2007
2094 posts
Posted on 11/5/13 at 10:46 am
I'm probably about to sell my house and purchase a family members house. I'm currently with Bank if America, but when I google search mortgage rates I come up with a lot of companies I've never heard of and a wide range of rates and fees. Any places a must go or must stay away from?

The house I want to purchase is appraised at 255,000 but can buy for 225,000. I just purchased a vehicle and have tier I credit score.

Thanks in advance.
Posted by anc
Member since Nov 2012
18143 posts
Posted on 11/5/13 at 10:53 am to
Call your local bank. Their rate might be higher than what you find online, but the APR is usually the same or lower.

If you have 20% down, call a credit union. They will blow banks out of the water, but you usually have to have the 20% to get those rates.
Posted by hawkeye007
Member since Feb 2010
5892 posts
Posted on 11/5/13 at 12:32 pm to
make your life easy go see a local bank. online might be good for refinances but for purchasing try a local bank. if your in monroe contact standard mortgage
Posted by William Stephenson
Mare Liberum
Member since Oct 2013
556 posts
Posted on 11/5/13 at 2:22 pm to
The Mortgage Professor


lots of good info on this site--such as over 50 mortgage calculators
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38596 posts
Posted on 11/6/13 at 7:02 am to
Zillow. Compare mortgage rates. I used New Penn Financial. Easy pleasey.

Cheaper than local or a bank.
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