Secret #6 To save $$$ when buying

The keyword is become informed and compare- Look at several lenders programs and rates.

Just as most buyers wouldn't buy a home after looking at just one, so should you be objective when placing a mortgage. Also, steer of any lender who wants money up front (before actually submitting an application after selecting home and having a contract).

No reputable mortgage broker or lender should ask for money just to give Pre-Approvals. Admittedly, all hope to get your loan business which is correct, but in my experience, competion is the best vehicle to ensure getting the most "bang for your buck".

Lastly, each lender has at least several loan products and selecting the right one for you should not be left up to the mortgage agent. Also, Mortgage brokers vs. Banks, etc. might be advantageous, since they are free to shop for the best products.