Wednesday February 8, 2012
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Peoples Attitudes Towards Mortgage Rates Have Changed
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Peoples Attitudes Towards Mortgage Rates Have Changed

In my many years in the banking business I have seen clients attitudes change dramatically towards financial institutions and the rates they're offered.  In the old days, people could go to their bank and just accept whatever mortgage rate their financial institution may be offering at that time.  Today people understand that they don't have to accept the interest rate offered to them from their financial institution but can shop around for the best rate.  Normally the best way to shop around for a mortgage is through a mortgage broker (like myself).  A small difference in a lower mortgage rate can literally save the borrower thousands of dollars in interests costs.  Why pay more in interest to the bank if you don't have to? 




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