Thursday, September 2, 2010

Home Mortgages- Shop around before you lock in

Did you shop around for your home mortgage or did you go with the first rate you found? If you don't get the lowest rate possible on your mortgage, the single largest financial outlay for most families, it doesn't matter how thrifty you are with coupons and travel because you could be spending thousands extra!

A recent article in the Minneapolis Star Tribune showed that rates can vary greatly. It pays to ask several banks for their rates before you lock in.

Mortgage shopping results in big savings

Did anyone out there get a great rate by shopping around?


  1. We just refinanced for 3.75%!!!

  2. Wow, that's great! Did you try several institutions before you locked in? Was it a small local place or a big bank?


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