Is Your Mortgage Shopping All About Rate ...If So ...Are You Setting Yourself Up To Be Bit In The Butt....
The short answer is that most consumers would say "yes", Rate is All Important but is this the right answer.... My answer to that is yes and no . While rate is important it is not the only thing you should be thinking of or reviewing when you are getting a mortgage for your new purchase. Now, most people would say that sounds like a sales pitch. The reality is that mortgage flexibility, contract restrictions and advice all have a definitive impact on borrowing costs. And most people do not discover how much impact this can have until after your mortgage is already closed and usually only finding this out when you have tried to change or do something different with your mortgage. Mortgages are long term investments which you have to look at all your options based on your current situation and future situations. Taking the lowest of the low rate at the time may turn around and bite you in the butt come the future. The Mortgage Rates sites that also post multiple...