Why should you reach out to a local mortgage broker when on any given day you can Google low mortgage rates, click on Lending Tree, Bankrate.com or Zillow and find ridiculously low advertised mortgage rates. Although the theory behind these websites are good, they present a multitude of "lenders" competing for your click of the button. You can also try and become your own mortgage expert, but is that really the best way to find a mortgage?
WEBSITES ARE NOT LENDERS
First of all, these websites are not lenders. They are lead generation websites. They make their money selling your information to the lender you choose – or up to 4 lenders – so that they can immediately get you on the phone – and then try and keep you on the phone long enough so that the last thing you want to do is compare rates.
MAKING A DECISION
The other problem choosing a lender online is the regulation in place that prevents full disclosure. Comparing lenders online is nearly impossible because lenders are not allowed to share everything you need to know to make a decision. You'll never know the entire cost of the loan and that's when surprises pop up in unknown fees, etc.
SIT DOWN WITH A LOCAL LENDER
The best way to truly shop around and get the best deal on a mortgage is to befriend a local mortgage broker, build a relationship, and have a conversation about what you are looking for so they can cater to your needs. Mortgages shouldn't be generic, they should be customized. So, don't shop for a mortgage, shop for the mortgage broker who can walk you through the entire process, from start to finish. They can pull your credit one time, shop dozens of lenders across the country, and share why one mortgage or another is best for you and why.
Give us a call at Clarkston Mortgage. We're on Main Street and ready to have a conversation about your next mortgage your request us to give you a call at (248) – 283 – 4236 or by filling out a request here..