Many other online companies tell customers that they can receive multiple quotes on a fixed rate mortgage. These companies give the idea that they are out shopping around for the best rates. Because of this, individuals think that the lowest interest rate they receive is the absolute best rate they can get.
The reality is that these companies are not always getting their customers the best interest rates at all. What they are doing is simply finding local lenders that match the criteria of the applicant. In addition, some of these companies only use one type of institution, such as banks. It is often the case that banks have higher percent rates for mortgages than other types of companies. This can be due to their own lending criteria and local economic forces.
While it is important to shop around for mortgage quotes, one of the places you should check for mortgage rates is Downs Financial. Downs Financial is a direct lender of mortgages to people all over the country. Because we lend our own money, we have some of the most competitive rates of any company in the nation. This can result in great savings for the mortgage applicant.
In addition, Downs Financial will not just send you an email with a mortgage quote. We will actually call you. You will receive this call not in days, but in minutes. Once you complete the easy online registration form, you will be called by a professional loan officer in just 15 minutes. That is all it takes to get the most competitive quotes anywhere!