Category — Published Rates
Why You Can’t Trust Newspaper Mortgage Rate Advertisements
Have you ever seen a mortgage rate advertisement in the newspaper and then went to the bank to find that the rate you’re being offered is definitely not what was in the newspaper. There are several factors that come into play when determining your personal mortgage rate. And there is also the fact that the interest rates can change daily. It is possible that the mortgage company submitted the ad days before it was printed. By the time the printing occurs, the rate is no good. What is dumbfounding about this is that the mortgage lenders know that these advertisements are no good. It’s just a way to bring people through the door.
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April 12, 2009 Steve SchraderBachar is a local mortgage planning expert who resides in Iowa and provides service to the clients of his mortgage planning practice across the Midwest. You can reach Steve at 1-515-289-4381 or 515-360-5197.
