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If you’ve been thinking of buying a home, by now, you’ve probably heard that you should be shopping around for a mortgage. While this advice is true, getting rates from a variety. back to you with.
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The general rule of thumb was that if you could find a rate 1% below your current rate, then a refinance would make fiscal sense. However, with today’s low closing costs lenders, you may find that even a 0.25% advantage on a new rate would make sense — especially over the life of the loan. Reason #2 – Move to a Shorter Term
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Obtaining multiple mortgage quotes from competing lenders is a proven strategy for saving money when you finance a home. But how many quotes do you need to make sure that you get the best deal?
Estimate the rates and payments of a new mortgage, refinance, or home equity line of credit using today’s mortgage rates with the Wells Fargo mortgage rate calculator.
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