Where Does the Shopping Rate Come From

The shopping rate in both boxes is the lowest rate reported to this site by correspondent lenders who originate loans for 20 wholesale lenders, including 6 of the 10 largest lenders in the country. This is a highly competitive segment of the home mortgage market. The rate quoted is adjusted to zero loan fees, but since industry practice is to quote rates in even increments of .125%, the shopping rate that borrowers are quoted will usually be a little lower with a small fee, or a little higher with a small rebate. Mortgage insurance would be an extra charge and is normally required when the down payment is less than 20% of property value.

Want to shop for a mortgage on a level playing field?

Why Shop for a Mortgage with the Professor?

  1. Receive His Help in Finding the Type of Mortgage That Best Meets Your Needs
  2. Shop Prices Posted Directly by His Certified Lenders
  3. Shop Prices Fully Adjusted to Your Deal
  4. Shop Prices That Are Always Current
  5. Get Him as Your Ombudsman Just in Case

Read More About the Support and Protections Listed Above

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