points: Rate Shopping? What You See May Not Be What You Get. - 11/01/14 06:41 AM
Have you ever received an interest rate quote or seen a published rate on the Internet only to find out later that you’re not offered the same rate when you go through the loan application process? That’s because there are many variables in determining rates for individual buyers and the rate you’re offered depends on your own situation.
Usually when you see a published rate quote, it is the rate offered to the most highly qualified borrowers for a particular type of loan for a particular type of property, often referred to as a "best execution" rate.  Those rates are typically … (1 comments)