How do I shop mortgage lenders and compare quotes?
Start by getting prequalified with at least two or three lenders within a short window so credit inquiries are grouped. Ask each for a loan estimate based on the same loan amount, down payment, and type. Compare the interest rate, annual percentage rate, closing costs, lender fees, and estimated monthly payment. Watch for differences in points, origination fees, and whether taxes and insurance are escrowed. Ask about rate locks and how long they're good for. The specifics depend on your situation and a licensed lender should confirm the best fit, and Jon can connect you with one.
Specifics depend on your situation and should be confirmed with a licensed lender. Jon can connect you with one: text (623) 826-0888.
More on mortgages and rates
- FHA vs conventional loan, which is better for me?
- Fixed-rate vs adjustable-rate mortgage, which should I choose?
- When should I lock my mortgage rate and how long does a lock last?
- What are current mortgage rates in Arizona?
- Should I buy mortgage points to lower my rate?
- How do I get the best mortgage rate?
Meet Jon Hegreness
Jon Hegreness
REALTOR / Associate Broker · Howe Realty
AZ License BR540940000
Full-time Phoenix North Valley REALTOR and Associate Broker with 24 years in Arizona residential real estate. A negotiator and problem solver who works the way you would want a friend in the business to work: direct, on your side, and steady through the parts that get complicated.