Jane Kenney

Did you know that there are three different ways you can acquire a mortgage? Whether you're shopping for one or your renewal is coming up, there are three different major options to choose from. Your local bank may be your first thought, but there are many different options out there that you should educate yourself on to find out which works best for you! Thanks to the digital age that is in full swing, shopping for a mortgage and finding the best one for you has never been easier. Here are three different ways you can get a mortgage! 1. Banks Help You Aquire A Mortgage Filling out paperwork at a bank / Syda Productions / Shutterstock Your first thought might be to visit your local bank branch. The biggest benefit you have is just familiarity and that convenience can come with a mighty high price. A report by MortgagePal says that if you have all your banking products provided by one institution, without shopping around or comparing other options, you may be leaving money on the table. Personally, my favorite website for shopping around and comparing options is LendingTree. All you have to do is answer a few simple questions, and the website will curate custom recommendations for you based on your financial profile. Get More Out Of Your Mortgage Shopping With LendingTree🌳 2. Mortgage Brokers 📊 Mortgage application form / Realtor.com Brokers can be super useful when it comes to your mortgage and finding the lowest rates possible. They help you compare and quote multiple lenders at a time. Trust me, they can save you a ton of time! Mortgage brokers are best suitable for those who are self-employed or have limited/bad credit. However, while brokers can access multiple lenders, this doesn't mean they can access all of them. This means you might be limiting your chances of finding the best fit for you. Find Out How You Can Repair Your Limited Or Poor Credit💳 3. Mortgage Websites Offering Quotes & Rate Comparisons Mortgage rate shopping / Carbutti & Co Realtors Going on a mortgage rate shopping website is a great first step if you're just getting started. There are a ton of great sites to give you a proper sense of what's out there. Educating yourself first-hand is an important step to become mortgage savvy. Of course, when it comes to mortgage rate websites, you need to be fully sure of the products they're offering since you're making this decision on your own (without the help of a bank or broker). One of the best mortgage rate shopping sites out there is Quicken Loans. They offer you mortgage rate plans from their most popular loan options. No matter which one you decide, you can rest assured that you're getting the lowest rates available. By keeping these three things in mind, you can be sure that you're making the best decision in acquiring your mortgage. Every person varies, and there's a little something for everyone! Learn More About The Lowest Mortgage Rate Options Available Now🔑 Here at DoYouRemember? we ensure our readers are delivered the best content and products. If you make a purchase through one of our links, we may earn an affiliate commission.