Hillsborough, Burlingame Luxury Homes Real Estate

I am a regular reader of a great blog by Dan Green who writes about lending.  Dan’s not a local lender so I won’t ever refer him, but I sure do learn a lot by reading his blog, The Mortgage Reports Blog.  Not too long ago, your lender would have called you to say that it’s time to lock in your loan, and you would do it, or choose to wait.  Wait no longer, folks, because times have changed.  As you can see by this chart from Wells Fargo Wholesale Lending, rates change at least twice a day now, and some lenders change three times!

It’s a new world in lending.  Do your due diligence when you look for a lender.  You need to have someone you can talk with over the phone and meet in person.  You need to feel confident in who you select and the company they represent, whether they’re a direct lender like Wells or Bank of America or a Mortgage office representing multiple lenders.  A good lender will save you hundreds, if not thousands of dollars over the lifetime of your loan.