Today I want to share a story from Scott Groves with Movement Mortgage, a lender we work with frequently. One of the big questions we get from buyers when they start their home search is "Who has the best rates?" And the truth is - picking a lender is a lot like picking a real estate agent. Rates will change, however choosing someone you trust that can kind you through the (very complicated) process is something that will make a big impact in your home buying experience.
"I have to admit that I fell for it. As a home-owner, even though I work in the industry, I am NOT immune to good advertising. This week I was enticed by a radio ad promising the rock-bottom / lowest-rates available in all the land at NO fees. I was borderline offended that Movement Mortgage didn't have the best rate in town and I checked out the website of one of my competitors.
Here is what I found about the 30 year fixed rate at 3.625% the radio ad had promised: