Mortgage Shopping

Definition of "Mortgage Shopping"

Reva Lee
Reva Lee Reach Realty Group, Llc

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.

Have a question or comment? We're here to help.

*** Your email address will remain confidential.

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ