Mortgage Brokers
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Mortgage Rate Watch
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Today's Rates for:
MortgageSelect.com
| Loan Type |
Rates |
APR |
| 30 Yr Fixed |
5.625 |
5.866 |
| 15 Yr Fixed |
4.750 |
5.216 |
| 7/1 ARM |
4.500 |
5.771 |
| 5/1 ARM |
4.000 |
5.716 |
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Home Equity
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Put your biggest investment to work with an equity loan up to 125% of your home's value
from PremierEquity
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Don't like to shop around, no problem, hire a mortgage broker to do the shopping for you.
Mortgage brokers are middle-men, independent of lenders. Ok, we said we weren't in favor
of middle-men, such as real estate agents, however a mortgage broker can be very
beneficial and actually save you significant money on a loan.
Typically, you can spend the same amount of your own time with a broker as you would with
one lender, and have the broker meet with various lenders to find you the best loan.
Mortgage brokers will also be more willing to help you with specific financial needs
regarding marginal credit, small down payments, or unusual properties like co-ops. Brokers
typically get 0.5% to 2% of the loan as a fee for their service.
Most brokers only get paid if you close your loan with them.
We're constantly searching the Web for mortgage sites that provide the greatest benefit to
consumers. Below is a list of what we have found to be the best thus far. We
certainly encourage you to visit each site to find the one that may be best for you.
We have divided the list into those brokers that are more traditional
and online services that provide a free service by enabling you to apply online and
have several lenders contact you directly regarding your application. Applying online is quick, easy, free, and you
are under no obligation to close with anyone with which you apply online.
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