Mortgage Shopping

Definition of "Mortgage Shopping"

Alan  Long
  Realty Executives of Hickory

Trying to find the best deal on a mortgage. It isn't easy to do right, as a
summary of the major steps involved will demonstrate.
Step 1: Decide if you are a potential shopper.
Step 2: Decide which mortgage features you want.
Step 3: Determine your market niche.
Step 4: Formulate your price selection strategy.
Step 5: Solicit price quotes.
Step 6: Select the loan provider.
Step 7: Lock the price.
Step 8: Cover your rear.

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