Shopping or Comparing Mortgage Offers (part I)

Shopping for home loan

Get the Inside Scoop on How to do it Right! (Part I)

First, make sure you are working with an experienced, professional mortgage loan officer. The largest financial transition of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along the way. But how can you tell?

Here are four simple questions your mortgage loan officer absolutely must be able to answer correctly. If they do not know the answer… RUN … Don’t Walk …. RUN… to a loan officer that does!

1) What are Mortgage Interest Rates Based on?

The only correct answer is “Mortgage Backed Securities” or “Mortgage Bonds”. NOT the 10-year Treasury Note. While the 10-year Treasury Note sometimes trends in the same direction as Mortgage Bonds, it is not unusual to see them move in completely opposites directions. DO NOT work with a loan officer who has their eyes on the wrong indicators. For more information “Click Here”

2) What is the Next Economic Report or Event That Could Cause Movement to Interest Rates?

A professional loan officer will have this information at their fingertips. For an up-to-date calendar of weekly economic reports and events that could cause interest rates to fluctuate, “Click Here”

3) When the Fed “Changes Rates”, What Does This Mean … and What Impact Does This Have on Mortgage Interest Rates?

When the Fed makes a move, they are changing a rate called the “Fed Funds Rate”. This is a very short-term rate that impacts credit cads, credit lines, auto loans, and like. Mortgage rates most often will actually move in opposite directions as the Fed change, due to dynamics within the financial market. For more information “Click Here”

4) What Happening in the Market Today and What do You See in the Near Future?

If a lender cannot explain how Mortgage Bonds and Interest Rates are moving at the present time, as well as what is coming up in the near future, you are talking with someone who is still reading last week’s newspaper, and probably not a professional with whom to entrust your home mortgage financing. For up-to-date information “Click Here”

Be Smart … Ask Questions … Get Answers!


More than likely, this is one of the largest and most important financial transactions you will ever make. You might do this only four or five times in your entire life… but we do this every single day. It’s your home and your future. It’s our profession and our passion. We’re ready to work for your best interest.


For more information, call (954) 599-3432 or “Click Here” to send me a message by e-mail

“Click Here” Get Started with your Loan Request



To print Shopping and Comparing Mortgage Offers just “Click Here” 

To learn about the advantages of being pre-quaified “Click Here”

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