Rates are flat today. US stocks have dropped almost 2% as Greek debt worries increase. Bonds, oil, and gold have also dropped. Comparison mortgage rates with no lender fees are 4.125% on a 30 year, 3.25% on a 15 year and 2.75% on a 5/1 ARM. Click here for more details.
Yesterday I read a study that blew my mind. Apparently I’m not helping enough people…
- 70% found the mortgage shopping process frustrating
- 21% were frustrated by the complexity of mortgage terms
- 20% thought it was too time intensive
Since I do these videos every day to help you get the best deal on your mortgage, these stats are aggravating.
I found one confused couple for today’s episode:
Here is the information from that study if you want to see more stats about mortgage shopping.
91% of Americans think rates vary between lenders, but only 39% of them got more then one quote according to a recent survey. That’s just lazy!
Consequently, less than a third are “very confident” they got the best deal on their mortgage.
If you are shopping for a mortgage, don’t take the easy way out. Do your research, find the lowest rates, and choose the loan that is best for you. Shaving off just 0.125% on a $200,000 mortgage will save you over $5,000 over the life of your thirty year mortgage.
A mortgage is one of the most important financial decisions you will ever make. You’ll be paying for mortgage shopping laziness for as many as thirty years!
It’s that simple!
Help me get 99% of all Americans “Very confident” in the deal they received on their mortgage by sharing today’s video with a Realtor, loan officer, or anyone looking for a mortgage. You can share it on Facebook or Twitter with just the click of a button.
Let’s change the way people shop for a mortgage…forever!
PS. To ask a question, get advice, or find out if you’re getting the best deal possible on your loan, just post a comment below. Daily comparison rates, calculators, and other cool features are available in the free Rates in Motion LoanApp by going to your smart phone and clicking on this link, activation code is 9203780002