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The Real Deal: How Smart Shopping Homeowners Join the Competition

Better interest rates! Free quotes! Money saving deals! We hear it all countless times during just one hour in front of the t.v. We're well aware how many phone and auto insurance companies want our business. Sometimes we listen, and decide to shop around. When we move, buy a new car, or when our bills seem to escalate beyond what we can afford, we might begin to compare our companies' rates services with those making the most noise through advertising. But experience has taught us to be wary: we know that the information we gather when we shop around leads to smart financial decisions only if we’re good shoppers. We have to know what to look for, as well as when and where to look. If we do, shopping expertly reassures us we’ve made the best financial decision we could.

For most homeowners, their mortgage represents the biggest financial cost and responsibility of their lifetimes. We may feel comfortable trying a new long distance carrier, but isn't refinancing our mortgage too complicated or risky? In truth, the very same reasons you may be wary of refinancing are those that should guide you in considering it. Your home loan is too important to be “status-quo,” with terms reflecting economic circumstances of the past. For many of us, a lot more than we realize is at stake. With even a slight interest rate reduction, tens of thousands of dollars can be saved. Will you be paying an extra $20,000, $30,000 or $40,000 in interest over the life of your home loan? What could you afford with a lower monthly payment? How much could a tax-deductible home equity loan save you in high interest credit card debt? How much faster could you be free and clear of debt with a new mortgage?

Once you’ve accepted that tapping into your equity reserves may be a strategic move or perhaps settling for your present mortgage’s terms might not be in your best interest, consider a second reason to investigate shopping around: mortgage lenders want your business. They are in competition with each other just like phone and auto insurance companies, and will make competitive offers that can save you thousands of dollars. When you know what to look for, you can not only shop and compare, but negotiate. Not only can you negotiate for the best possible refinancing terms, but for the lowest possible closing costs and fees associated with the mortgage or equity line, as well. With home loans, being a smart shopper can pay off in more ways than one.

Real-Estate-Yogi.com provides a free, no obligation service to help you start the investigating process: simply fill out the short questionnaire at the bottom of this page. Your information will be sent to our affilaited mortgage lenders (generally two national lenders and one or two local lenders) that will contact you directly to give you their best offers. Since they already know other companies will be competing to gain your business, you can feel comfortable knowing you’re shopping smart.

You may choose to do business with the lender that offers the lowest closing costs. Perhaps you will choose based on how helpful the loan specialist is in answering your questions. Maybe the company that is closest to you demographically is the one you prefer. That is the true essence of Real- Estate-Yogi.com’s unique service: to disclose to financing companies that you are smart shopping in a competitive market where you, the consumer, is in charge! In addition to your lenders, we are always available to answer any questions you might have should you decide to call or contact us.

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