More borrowers are turning online to shop for a mortgage, in which they can shop anonymously and still get accurate rates.
According to a recent article on CNNMoney.com, here are three Web sites that will get mortgage-shoppers started (these sites act as a referral source and borrowers will still need to close with a bank or mortgage broker).
- Zillow.com: The best thing about this site is the ability to read reports of other people’s experiences with a lender.
- MortgageMarvel.com: This site updates mortgage rates in real time, so it’s a good place to find deals.
- LendingTree.com: This site matches a potential borrower with four lenders who will offer their best rates. The downside is that lenders will pull credit scores, which could hurt a borrower’s credit.
Source: CNNMoney.com
