You can also go to Bankrate.com to compare mortgage rates and find the best deals. Another option is to find a phone number on the lender’s website and call directly. We found that you can get pretty accurate estimates over the phone.
Beside above, are mortgage brokers better than banks?
While banks expect the client will negotiate with them, or accept the given rate, mortgage brokers are more likely to go to bat for you, to get a lower interest rate.
Subsequently, how do I choose a mortgage agent?
What to Look for in a Mortgage Broker
- Evaluate Potential Brokers. It’s always important to research brokers in your area, gathering as much information as you can about them. …
- Meet Brokers In-Person. …
- Ask Important Questions. …
- Check For References. …
- Getting Started with an Open Conversation.
Is a 2.8 interest rate good?
Anything at or below 3% is an excellent mortgage rate. … For example, if you get a $250,000 mortgage with a fixed 2.8% interest rate on a 30-year term, you could be paying around $1,027 per month and $119,805 interest over the life of your loan.
Is it worth going through a mortgage broker?
Is a mortgage broker worth it? There’s generally no direct cost for using a mortgage broker, so their worthiness ultimately depends on the quality of the loan they help you secure. If they help you into a suitable loan with one of the lowest interest rates for what you’re after, then great.
What’s a good APR for a mortgage?
A low credit card APR for someone with excellent credit might be 12%, while a good APR for someone with so-so credit could be in the high teens. If “good” means best available, it will be around 12% for credit card debt and around 3.5% for a 30-year mortgage.