Getting Quotes from Internet Leads

Many internet sites advertise searching for mortgage rates on their sites. You can find an extensive listing of rates from different lenders in many states or you can choose to enter your information and then be referred to the lenders with the best rates.


WHAT YOU ARE NOT TOLD

You are often referred to lenders who have paid to receive your lead

The lenders who contact you may or may not have the lowest rates

The lenders on these lists are not blindly listed because they have the best rates- they are paying to be on these referral sites

The listed rates often look great - when you call you find out that the rate will be
higher for any number of reasons.



The internet can be a great search tool for information, but recognize the limitations of taking information from the internet at face value. This is the largest purchase you will make and manage in your lifetime- having a relationship with a local lender you can rely on is essential.