It's practical advice from a mortgage expert who writes from personal experience that literally can save you thousands of dollars. Lenders are a lot smarter than you about mortgages.
Many lenders quote programs which are designed specifically to snooker the telephone rate shoppers.
Some loan reps purposely lie to phone shoppers in order to induce borrowers to apply with them. You are not smart enough to catch them. Your objective is to find a lender you can trust . You ll find such a person through referrals from your friends, co-workers, and neighbors who are homeowners, not the Yellow Pages. Determine which loan program is best for you.