Mortgage Loans purveyors have experienced a good bit of negative press recently. However, in our area we have so many competent and responsible lenders to choose from. Just yesterday, I was speaking by telephone with an individual who asked about internet mortgage lenders. My personal opinion on that topic is that a buyer is better served by developing a relationship with a local mortgage banker with a name, a face and a local phone number to call in case of questions or issues. It's a bad day when you get to the closing table and the HUD statement has charges you were unaware of and you cannot get a quick answer by telephone to resolve your questions.

To obtain the best interest rate we all need to shop for a mortgage much like we do for a car. For that vehicle which we probably keep under 5 years and is usually under a $40K sticker price we all comparison shop models. Certainly a home purchase and the financing procedure should require just as much care!