For years I have been advising home buyers to shop for their mortgage. Mortgage money is like a commodity to lenders. Some lenders will sell a mortgage cheaper than other lenders. The difference can often be measured in thousands of dollars over the life of a loan. The new TILA/HUD laws to protect consumers that went in to effect in October of this year are specifically designed to assist buyers in comparing mortgage programs from different lenders.
Realty Times has published an article on this issue. CLICK HERE to read the article. If you are interested in shopping for a mortgage, I can assist with the names and numbers of several local lenders. Just email or call me. Charlie Collier- Realtor