| The mortgage industry is a highly competitive | | | | to shop around for the best deal. |
| one, so it is considered wise to shop around for | | | | It is important to remember that when you are |
| the best deal and let the mortgage companies | | | | shopping around for a mortgage, nothing is final |
| fight for your business. | | | | until you sign on the dotted line at closing. |
| The mortgage industry exceeds far beyond that | | | | So don't be shy when it comes to shopping a few |
| of the banks you see on every street corner as | | | | mortgage companies. Remember that they are |
| you head into town. | | | | very competitive and hungry for your business. |
| Besides the banks there are the wholesale and | | | | So allow them to assess your situation, and |
| retail lenders. Most wholesale lenders encourage | | | | whichever lender comes back with the best offer |
| the help of mortgage brokers to bring them | | | | to fit your needs and budget should be the lender |
| potential borrowers. | | | | for you. |
| Most mortgage brokers on average deal with | | | | When shopping around for a mortgage product, |
| more than two hundred wholesale lenders alone. | | | | don't feel the need to keep this a secret. By |
| These wholesale lenders are a very diverse | | | | letting a loan officer know your intentions, you will |
| group, and their programs and specialties vary | | | | most likely send them the message that you |
| from lender to lender. | | | | don't have time for games and that it will be in |
| So if you are considering purchasing a home or | | | | their best interest to make you their best possible |
| refinancing your existing mortgage, don't be afraid | | | | offer. |