best current mortgage rates in Washington with excellent credit?
June 21, 2010 - 5:51 am
you should be able to get just a shade under 4.75!!!!
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How do you shop around for the best mortgage rates?
June 20, 2010 - 5:27 pm
Our realtor suggested we speak with the woman in her office who does mortgages. Other people are telling me to shop around. How can we do this without it effecting our credit scores? Won’t our scores drop if we apply with several banks and they need to check our information?
Also, how do we know what lenders to seek out for the best rates?
You don’t need to apply to different banks to find out their rates. If you know your credit score, then you can get a fair idea before they do any kind of credit check.
Look at sites like bankrate.com. lendingtree.com to get comparisons.
ETA: I was always told that having 3 or 4 credit inquiries in a short space of time wouldn’t really hurt you. Although your score might drop a few points, the companies expect you to be shopping around for the best deal, so it’s not like you are applying for 20 credit cards at once, or anything like that.