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 Real Estate Blog 
Sunday, June 14 2009

Getting a mortgage isn't easy these days, particularly since many banks have tightened crediting, which is ultimately keeping some buyers out.

More borrowers are turning online to shop for a mortgage, in which they can shop anonymously and still get accurate rates.

According to a recent article on CNNMoney.com, here are three Web sites that will get mortgage-shoppers started (these sites act as a referral source and borrowers will still need to close with a bank or mortgage broker).

  • Zillow.com: The best thing about this site is the ability to read reports of other people's experiences with a lender.
  • MortgageMarvel.com: This site updates mortgage rates in real time, so it's a good place to find deals.
  • LendingTree.com: This site matches a potential borrower with four lenders who will offer their best rates. The downside is that lenders will pull credit scores, which could hurt a borrower's credit.
  •  

    Regardless on what bank or mortgage broker borrowers use for their mortgage, they should expect to pay an average of $3,118 in fees, according to the article.

    Source: CNNMoney.com, Beth Braverman (06/09/2009)

    You can also call me at 812-499-9234 for the names and contact information of local lending institutions.

    Rolando Trentini

    Posted by: Rolando Trentini AT 12:01 pm   |  Permalink   |  0 Comments  |  Email
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    The Trentini Team
    F.C. Tucker EMGE REALTORS®
    7820 Eagle Crest Bvd., Suite 200
    Evansville, IN 47715
    Office: (812) 479-0801
    Cell: (812) 499-9234
    Email: Rolando@RolandoTrentini.com


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