Interested in receiving a lower mortgage rate? According to
Fannie Mae, buyers who shop lenders, and research their various programs are the ones who receive the more affordable quotes.
It makes sense. By educating yourself, you learn about all the different fees, rates and services. The Fannie Mae survey found that only about two thirds of buyers received multiple mortgage quotes during the first quarter of 2019. The data showed that; 28% of buyers researched three quotes, 7% buyers compared four loans, and only 2% of buyers received five loan quotes. From those numbers, Fannie Mae states that 47% of the homeowners were able to adjust their interest rates and successful in earning more discount points.
Bottom line, spend the time to educate yourself on all of your options. In the end that will save you money and make you a stronger buyer. If you want the names of additional lenders, please give us a call at (414) 861-0387.
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