with Terry Story, 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL
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Get this – most home buyers do not comparison shop their mortgage rates even though these are typically their biggest loans! Instead, most tend to pick a convenient mortgage broker and take his word for a “good faith” interest rate – and often end up with higher mortgage rates, unnecessary fees and point expenses. So it certainly pays to shop around and find a good, competitively priced mortgage banker well before you go shopping for homes.
Terry shares valuable insights that favor home buyers with tips on a favorable Supreme Court ruling on the Truth in Lending Act or TILA, on easier free access to your FICO credit scores and on how to take advantage of lower mortgage rates.