COMPARE QUOTES
Comparing quotes from multiple lenders is what guarantees you will find the best possible mortgage or refinance plan out there. Comparing quotes also enables you to negotiate the interest rates and terms and thus when you finalise a mortgage, you know you have found the ideal deal.
A loan estimate is a 3-page document provided by your lender and shows you the different costs related to your mortgage.
Closing costs amount to approximately 3-5% of the total loan amount and thus is a factor you need to thoroughly consider.
Comparing lenders allows you to compare different quotes, and terms, along with the interest rates and different costs that these lenders charge you.