Get A Second Opinion on a Mortgage Rate
By Richard Woodward NMLS#217454, Service Beyond Expectations! Your Texas Lender
(Nexa Mortgage, NMLS #1660690)
Getting A Second Opinion on a Mortgage RateA second opinion can prove to be very valuable. You should always seek out another opinion after a doctor gives you a shocking diagnosis. This applies to car repairs or air conditioning systems too. Second opinions are common in many industries and situations. Why wouldn’t you apply the same logic to your mortgage as well? While many borrowers will accept the word of a mortgage lender as law, it is always a good idea to get a second opinion on your mortgage. It’s always better to be safe than sorry, as the old saying goes.Consumer Finance Protection Bureau reports that borrowers who do not seek a second opinion pay 0.5% more in closing expenses and have interest rates 0.375% higher. A low interest rate offer is something many people fall for. W...
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