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For new homebuyers, too many think that once they find the house that they want, the hard part is over. The truth is that getting your mortgage financed can be as daunting a task as finding your home. If you are buying a home and need to get a mortgage based on your specific set of circumstances, you should consult a licensed mortgage broker to get your questions answered.
Licensed mortgage brokers have the ability to look at your specific situation and find multiple mortgage options that would work. Let them know what is important to you in terms of payments, years, and more. Armed with this information, your mortgage broker can often shop your loan around to find the best rates and programs available. Mortgage websites are good, but often do not offer the hands-on assistance of a live mortgage broker.
These websites can often beat the lowest rate a mortgage broker can find, so here is the smart thing to do. Speak with a mortgage broker and get the absolute best deal they can find. Then take your information to one of the popular mortgage websites and see if they can beat it. If so, you know where to go for your mortgage loan.