What mortgage company gives the best rates?

It is a mistake to just compare interest rates.

Obtain a truth in lending good faith estimate on closing costs, comparing these can save you thousands.

Ask about pre-payment penalties, this varies widely by lender.

What happens if you are a few days late on a payment? Some lenders charge a huge late fee even if you are a few days late.

Good luck!

All lenders have the same basic rates. What is different is the overhead each lender has and what they have to charge to cover it and how greedy the loan officer is.

Believe it or not, the Lending Tree group does a good job getting low offers. I would start there and then compare what the best offer is to a couple local mortgage brokers. Forget the retail operations of Countrywide, Wells or the other Banks. They won't even be close.

A third option is to tell me what you have been quoted and I will tell you how much they are making on the deal and whether or not you should shop further.

Also, compare the other costs besides the points.

Without knowing where you are looking it hard to say. Normally you local newspaper will have one day that it concentrates on real estate. They should either list all of the rates or they will list a phone number for you to call.

Don't let a posted rate blind you. Some rates are not the true rate. You need to know what the APR is. That is the actual percentage rate that you will really pay. The basic rates are not much different when you look at them. It will depend on a number of things, your credit score, your down payment, the type of loan, origination points and buy down points.

Be sure you understand before you sign the bottom line.pp

There is a company that is a broker that can actually beat the rates that each bank promotes.

Because of their volume of loans they get incentives from the lenders to push business to them ,and thus get special packages and rates and pass this on their clients.

The company is APO finance and they can do your loand for you even if you are not located close by, they can sort everything out by email, fax, and phone.

Rates are pretty much the same no matter where you go. How much in fees you want to pay is really going to determine your overall rate. You want the lowest rate, you are going to paying higher fees. You take a higher rate, your fees will be much less. No matter where you go, money will never be lent for "nothing"...it is just presented differently from each lender.

http://www.newmortgagelenders.com/