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Are you Getting the Lowest Interest Rates and Closing Costs?

If your like most mortgage customers, you will spend about the same amount of time speaking with your loan officer as you do your barber or hairdresser. In that brief time you will divulge all of your personal information and place your trust in a person, that you most likely just met, to handle your family's greatest asset, your home.

That sounds pretty scary, doesn't it?

Here's the good news, overwhelmingly, loan officers that work for reputable mortgage companies, are ethical and honest. You are more likely to be scammed at you favorite restaurant or grocery store than your are by your mortgage company. The problem is, the person you're speaking with is on commission, and he or she makes more money by charging you a higher rate and closing costs.

So, How do I get the Best Deal?

Unless you're a mortgage pro, the only safe way to make sure that you're getting your best deal is to shop around. In popular terms "have lenders compete". This usually yields conflicting quotes, multiple phone calls and multiple sales pitches.

After all of this, you will eventually have to tell the other companies "no" and that you've decided to use another company. This usually gets you another sales pitch and a barrage of additional phone calls. Not to mention, you're still not sure which offer was really the best deal.

By the Way, What is a Good Deal?

A good deal is relevant to each person's unique situation. Meaning, a 7% rate is great for one type of borrower and horrible for another type. The crux of the matter is, you're still having to rely on a commissioned salesperson to tell you what a "good deal" is.

Here are some of the building blocks that make up a "good deal":

• Getting the right program the first time.
• Closing on time without any "surprises".
• knowing the truth about how likely your loan is to be approved.
• Having a qualified appraiser give your home the correct value the first time.
• knowing if the company you're dealing with is credible or not.
• Knowing if the loan officer you are dealing with is experienced or not.
• Knowing exactly what your final closing documents mean BEFORE you go to closing.
• And yes, a good deal is making sure that you get the lowest rates and fees.

Tip - Did you know that the IRS considers discount points to be interest? This means that your lender can most likely move most, or all, of the customary fees and closing costs into a discount point and make those fees tax deductible at no additional cost to you.

Mortgage Assure© by LendFast.com

We thought there had to be a better way for borrowers to get a great deal on there mortgage, and there is. Since most of the mortgage companies are honest, why not stick with one company and just make them work a little cheaper? The trick is getting them to work cheaper with little or no friction, this is where we come in.

Mortgage Assure© is like having your very own loan officer or mortgage consultant working exclusively for you. This means that you will get unbiased, expert advice from an uninterested party before you obligate yourself and before you're asked to close the loan. The benefits of the service are almost endless, here are a few:

• No shopping around
• No unnecessary mortgage surprises
• You will know how likely your loan is to close ... the way you were promised.
• You can be confident that you have the best rates and fees for your situation.
• You will know where the "pork" is in the loan and how to get the lender to trim it down.
• You will be able to negotiate and get what you want - Knowledge is power.
• You will know that you're getting the best program for you, not the easiest one for the lender.
• You will show up for your closing confident and informed.

Ok, How much does this cost?

 $59 - That's it! For this you get "cradle to Grave" mortgage advice and peace of mind about your mortgage decision. How cool is that? The tip above has already saved you that much!