YouTube video from a mortgage broker over in the Portland area. He talks about the current state of the home loan market and how the market will evolve over the next 6 to 9 months.
Shop Around For The Best Home Loan – Why It Matters…
When a home is purchased, most look at the home as the only product they are purchasing. Unless you are paying cash for a home, there is a often overlooked product, the home loan. When you obtain a home loan, you give your lender a mortgage, which is security to your lender in case the loan is defaulted. In Oregon, you enter into a trust deed with your lender and a neutral third party, usually a title company. Bottom line, when obtaining a home loan you are buying a product, and when you buy a product you want to receive the highest quality, and value in that product, right?