Shopping your loan around has never been so easy. Discover your low interest rate home loan today. Know which loan is best for you. Make a point to find out what they are before applying. Determine the total loan costs.
Many people make a mistake by thinking that the lower the interest rate the better the loan.
This is not always the case. Don't be confused by a low interest rate if the points are high. It could turn out that your total cost may be more than you anticipated. When selecting a fixed-rate loan, the best way to determine which terms are better is to add up the dollars you will pay for interest and fees, including points, over the life expectancy of the loan. It really depends on if you are looking at the short term or the long term.