Rates are flat today. The US debt ceiling is pushing both the stocks and bonds lower today. Uncertainty is never good for the market. Today’s comparison mortgage rates with no lender fees are 4.5% on a 30 year, 3.625% on a 15 year and 3% on a 5/1 ARM. (click here for details).

I made it! I finished the Wisconsin Tough Mudder on Saturday (see pics)! It wasn’t easy and I ate a lot more mud than I care to admit. I wear my finisher’s head band with pride today!

So, you knew I was going to spin this into something mortgage related…right? Of course I am! Today I share three things you should fight for during the mortgage process, no matter how hard or frustrating it becomes! You can do it!

Check out my three things and pictures in today’s episode:

(Watch it on your mobile phone or email reader here)

Check out pictures from this weekend! (Hint, they are rated PG-13)

Here are three things you shouldn’t give up on during the mortgage process no matter how hard or frustrating it becomes.

1. Appraisal issues

If your appraisal comes in light don’t just give up. Fight for your value with an appraisal dispute or additional comparable properties. You can get these from your trusted Realtor or a local appraiser. There are a lot people that don’t even know they can do this.

2. Rejection

If one lender turns you down for whatever reason, make sure you go to at least two more lenders. Not all lenders have the same programs and some loan officer may look at your situation differently and in will structure your loan differently.

3. Getting the best deal

When looking for the best rates and costs on your loan, you may have to do some leg work to get it. Once you know what rates and costs you should be getting on your loan, it is up to you to find a lender to do it. If they say NO you just keep looking. Most lenders are not set up to give you the best possible deal. That is a fact! Find one that is and refer all you friends and family to them as well.

If you get a chance, I would love it if you could help me in my dream to bring transparency to mortgage lending by sharing today’s episode on Facebook or Twitter.

Let’s change the way people shop for a mortgage…forever!

See you tomorrow!

– Mike

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

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