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Why you should shop around for a home loan

People like to shop, just not for a mortgage

Couple signing a document with another personAccording to a recent study*, 56% of Americans said they have visited multiple stores to compare prices on items like appliances or airfare, and a whopping 83% of Americans said they have visited multiple websites when comparison shopping.

However, out of these comparison shoppers, only 14% comparatively shopped for their home loan options.

Buying a home is often one of the most important — and potentially largest — financial decisions you’ll make. As with other large investments, it’s wise to shop around to compare products and offers that will give you the best deal.

Even small fluctuations in housing markets or interest rates could mean thousands of dollars saved or spent over the course of 15 to 30 years, depending on your loan term. And that’s before factoring in fees and closing costs that you might finance into the loan.

Get a second opinion

Even if you’ve already been pre-approved for a home loan, there’s nothing to lose with a second opinion from CrossCountry Mortgage, Inc. It’s quick, it’s free, and best of all, you’ll meet one of our friendly and helpful licensed loan officers!

Give us a call at 877.245.8383 or request a FREE rate quote today.

 

* Source: http://www.housingwire.com/articles/35322-survey-americans-shop-around-for-everything-but-mortgages
CrossCountry Mortgage, Inc. is an FHA Approved Lending Institution, and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. All loans subject to underwriting approval. Certain restrictions apply. Certificate of Eligibility required for VA loans. CrossCountry Mortgage, Inc. is an FHA Approved Lending Institution, and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. All loans subject to underwriting approval. Certain restrictions apply. Certificate of Eligibility required for VA loans. USDA Loans: Borrower income limited to 115% of median income for the area. Borrowers must have reasonable credit histories. 30-year loan term. Housing costs cannot exceed 29% of income; total debt payments cannot exceed 41% of income. Homes must meet state and HCFP building codes. Funding fee required. Available only in designated USDA rural areas.