You Better Shop Around!!
"Don't just settle on the first quote from a lender..."
Mortgage shopping is like shopping for a new car or any other big ticket item you plan on purchasing. Nine times out of ten you try your best to save if you can and the same thought should be given with your mortgage rate. Understand, the more lenders you check out when shopping for mortgage rates, the more likely you are to get a lower interest rate. Getting a lower interest rate could save you hundreds of dollars over a year of mortgage payments and thousands over the life of the mortgage. Rates vary from lender to lender, and so do fees such as closing costs and discount points. Sadly, half of the borrowers out there don't shop. Don't be that person!
To avoid this simply apply with multiple mortgage lenders. at least 3, some advise 5. I know your're thinking what about my credit? Yeah you’re fine. All mortgage applications made within a 45 day window will count as just one credit inquiry. So you're good. But this is assuming we have taken all the necessary steps to be financially prepared for such an investment and if you are dealing with me we will make certain this is the case.