It’s a no brainer that whenever you are getting a mortgage or refinancing done, you would always make sure that you get the best deal . However, most of the time, people do not have an idea of how to shop for the best mortgage rate . Today we will understand how to shop for the best mortgage rates and how could it benefit you. Common Mistake while Shopping for Best Mortgage Rates When people are in the process of refinancing or buying a new home , a prevalent mistake they make is getting a quote from different lenders on different days. For example, if you are getting a quote from lender A on Monday and Lender B on a Wednesday, this would end up in inaccurate comparison as the mortgage rates fluctuate daily. It could be possible that lender A gave you a rate when the rates were high on Monday and lender B gave you the rate when the rates were low on Wednesday. Know Your Scenario It is critical to understand your scenario – are you buying a home? or refinan
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