Weather you're purchasing a new home or looking at refinancing an existing mortgage it can be a big task. In order to find the best loan, a lot of research is required. Mortgage Nashville brokers are not hard to locate. You can simply do a quick search at any online directory to find local brokers. The problem with this is that it can be very time consuming, calling each broker requesting a quote and then comparing them to find the best deal. This can be a pain and I'm sure you have better things to do. Applying online is the best option, you fill out a 2 minute form and your info is automatically sent to Nashville mortgage brokers who are anxious for your business.
We did a quick search on Nashville mortgages brokers and found a lot of them. I'm talking about 50+ throughout the state of Tennessee. Would you really want to spend the time contacting them all searching for the best rates? Of course not. Here's is what I did last month when I was searching for a loan.
Step One: I had a meeting with a recommended broker, you can also request a meeting with your favorite Nashville bank and setup a meeting to discuss what types of things you are looking for in a mortgage. Then ask him to prepare a quote for you outlining the mortgage and what the payments will be like.
Step Two: I went online and filled out a few applications at mortgage quote sites. Over the next few days I was contacted by a few lenders with a quote.
Step Three: I compared all the quotes I received and found out I could save $150 dollars a month by going with one of the loan companies that contacted me. You can also use the quotes provided online to negotiate a better deal with a local mortgage Nashville lender. You could explain that lender A is offering a better deal and ask them to match it. You would be surprised how often this can work. Lenders want your business and will tailor a plan to your specific needs to get it.
There are many sites available online that allow you to get quotes from multiple lenders. My favorite site is The Loan House. You can get a Nashville mortgage quote in less than 2 minutes.
Mark Lambie is the founder of The Loan House a website that allows consumers to quickly and easily get home equity mortgage information.