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Getting The Best Rates On Mortgages And Loans


With an impending up-grade to the family due in a few months it soon became clear that our two-bedroom home would need an addition. We loved our house too much to consider moving. Not having the large sum of cash necessary to build it, however, we began a process that became a little more than burdensome. As my wife and I wandered in and out of financial institutions claiming to have "The lowest rates around" and discovering the degree of separation between institutions was greater than we had anticipated, it became very clear that this process would take a lot longer than we had originally thought.

As we were filling out the umpteenth loan application form one night a commercial for a popular insurance company came on. It offered to give us a free quote from them and from some of their competitors. I have no problem with the idea but I have always wondered how much effort they really put into finding the lowest rate available for the coverage needed. After all they too were trying to get our business. But then I had an idea!

Like some kid that had just realized a potential way to save themselves a ton of work, I went to the Internet and sure enough, there it was! A company that could take the same information that I had been supplying on application after application and shop it around for the best rates! It was over! No more wandering in and out of banks or finance companies to fill out the same paperwork over and over until I was literally cramping. In minutes they came back with the name of a place that would save us thousands of dollars over another company we had been interested in. We had now saved ourselves many hours of painstaking effort.

We started adding the addition the very next week. If you need a loan for any reason just get online and find yourselves an honest site that will find you the best rate possible. This is the Information Age and there are places online that can find you the best rate with less effort than you could ever hope to achieve on your own!

We all know the cost of not shopping around for the best rates. It can honestly add up to thousands of dollars over the course of your loan. Don't work harder, grasshopper-work smarter!

Paul Sanford
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MORE RESOURCES:

Center for Responsible Lending and Industry Groups Urge HUD to ...
MarketWatch - 16 hours ago
... to help the largest possible numbers of at-risk borrowers. This is not the appropriate time to permit the lapse of a viable mortgage refinance option.


Is Now the Right Time to Refinance Your Mortgage?
Eastside Business Journal, Washington - Nov 18, 2008
By Rick Hubbert How do you know when it is the right time to refinance? Some believe that if homeowners can shave one point (1%) off their existing rate, ...


Milwaukee Journal Sentinel Firstwatch column: Firstwatch: What's ...
Trading Markets (press release), CA - 19 hours ago
... counselors will be there to conduct loan workout sessions, provide information about financial literacy programs and offer mortgage refinance options. ...


De-Leverage Your Wallet
Motley Fool - 20 hours ago
I also caution against opening new lines of credit if you plan to get a loan (car, mortgage, refinance) in the next six months or so. ...


National housing crisis exacting heavy toll in Riverside County
Press-Enterprise, CA - Nov 11, 2008
By DUANE W. GANG Riverside County remains at the forefront of the national housing crisis with thousands of homeowners in the unenviable position of owing ...


Should Obama name FDIC's Bair as a Special Advisor for Mortgage ...
BloggingStocks - Nov 18, 2008
Although he has shown support for mortgage refinance programs aimed at achieving lower payments - - 'payment relief' in Washingtonspeak - - Paulson has ...


When refinancing mortgage makes sense
Chicago Tribune, United States - Nov 14, 2008
But you don't have to be in financial trouble to benefit from mortgage refinance, real estate experts say. "At this point, there are thousands of good ...


Mortgage Applications Down 43.4% Year on Year
HNN Huntingtonnews.net,  USA - Nov 6, 2008
By David M. Kinchen The Mortgage Bankers Association (MBA) on Wednesday, Nov. 5, 2008 released its Weekly Mortgage Applications Survey for the week ending ...


Local mall operator says it's at risk for default
Boston Globe (registration), United States - Nov 12, 2008
... on school loans are waived..and a government backed mortgage refinance program to give homeowners a chance to stay in their homes to pay their debts. ...


US Stocks Off to a Lower Start
TheStreet.com - Nov 11, 2008
Last Friday, JPMorgan Chase (JPM Quote - Cramer on JPM - Stock Picks) announced a similar mortgage-refinance program, covering $110 billion in loans.

Mortgage-Refinance - Google News

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