You can find reviews, ratings, customer experiences and all sorts of information right from the comfort of your home computer or smartphone. But now, your bank is just one of many lender options you have as a modern homebuyer. Years ago, it was more common to skip comparison shopping and go right to your primary bank as a mortgage lender. This can have a huge impact on your overall financial goals. Even minor differences in the interest rate on a six-figure loan will add up over the life of a 30-year mortgage. This allows you to budget by giving you an idea of what your monthly mortgage payments will total. Comparing mortgage rates across lenders is one of the first steps in the home buying process. Checking interest rates, filling out loan applications, choosing a lender - all the choices and numbers can be overwhelming. Let’s face it: shopping for mortgages can be a struggle. How to Find the Best Mortgage Rate Photo credit: © iStock/GlobalStock
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