Does every mortgage company offer the same interest rates? Or are some lower than others?
Interest rates change daily and vary by lender. Most mortgage companies act as brokers for homebuyers, working with a variety of lenders. The interest rates offered by each specific lending institution do vary by category, market and other factors on a daily basis. MortgagePLAN works with the nation’s top lenders to find the best interest rates and conditions for our customers. Once a desirable interest rate offer is found, it is important to remember that the rate may be good for only 30 to 60 days, and needs to be confirmed, or ‘locked in’ to secure the attractive rate and conditions of the loan.