Monday, September 24, 2007

5 Things In Selecting The Best Mortgage - You Should Know

Your goal is not only to find the best rates and programs, by searching through a huge number of lenders products, and save yourself thousands of dollars on mortgage payments every year, but also, to save time and hassle by simplifying the loan process and reducing the paperwork. Here are some things you can keep in mind when selecting a mortgage provider.

1. Shop For Rates

You should get instant online free quotes, and be able to apply securely online.

2. Apply Online

Be able to use a secure online application and let a qualified loan specialist help you find the best loan program.

3. Get Prequalified

Find out how much money you can borrow for your next home purchase!

4. Get Pre-Approved

Get free, no obligation pre-approved commitment letter that you qualify.

5. Loan Processing And Approval

This is when your loan is processed, goes through underwriting and final approval.

Taking these steps will be in you best interest to secure a mortgage that will benefit you and your family. It will also help to save you money

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