Mortgage professor's website publishes 14 lowest wholesale rates daily.
I think your best bet is to work with a mortgage banker that is trustworthy, because you can go crazy trying to chase the lender with the lowest rate. A trustworthy mortgage will disclose all his/her fees up-front, and will have the ability to tap into the best wholesale rates for your credit profile / area.
Type of property
Location of property
Type of loan program
Amount of down payment
Debt to income ratios
Purpose of loan: Purchase, Refinance, Rate and Term versus Cash Out
Amount of loan
Further, at the end of the day, the lowest possible rate doesn't mean a thing if the loan does not provide you the very best short and long term financial advantage. And, there are a lot of lenders who advertise very, very low rates...but they cannot perform to close a loan on time, or at all.
I have a current borrower who thought the lowest possible rate was his goal...until the online lender took three months to decline his file and he was at risk of losing $100,000 of equity when the contract expires and the owner threatened to cancel the transaction. I have salvaged the file in less than a week and docs are being ordered...guarantee you, the borrower does not care if I have the lowest rate in town.
All my best,
"We Listen. We Care. We Deliver."
The Bankrate site is useful and you You can also go to http://focuspub.com/CF/PRIVATE/CF_frame.html You will find the following information..........
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The site below also has financial calculators.