Tuesday, September 30, 2008

Now more than ever you should be working with a licensed Mortgage Broker

Been following the markets and interest rates lately ? Boy, what a wild ride !

You definitely need a professional on your side to keep up with the changing stock values and the same goes for mortgage interest rates.

For example ... many of those nice variable rate mortgages that until recently were at prime minus .90% have disappeared and now look more like prime ... period. No discount. But did you know that there is still today a lender offering prime minus .60%* ? Your banker isn't going to tell you about that offer because 1) they don't have as much exposure to the market as a mortgage broker does and 2) because they only want your business, not necessarily what is best for you.

Your mortgage broker knows this and much more and that's who you should be depending on for the best and most up to date UNBIASED information on what is happening today and why, and what is likely to happen down the road.

We've set up a link on the right hand side of this blog site in our "Recommended Mortgage Links" for a mortgage brokerage web site where you'll get access to day to day new information and contact with an experienced mortgage professional. Why not take advantage of it and put another resource to work for you today ?

* rates subject to change by lender without notice and are available on approved credit

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