How a Free Mortgage Quote Can Save You Thousands

Always Get Multiple Mortgage Quotes when Refinancing or Buying a Home

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Are you Getting the Best Deal on Your Home Loan?

Would you hire a contractor without getting multiple quotes from competitors or sign a cellphone contract before weighing out your plan options? Probably not. That’s because online research and instant quotes have made “shopping around” simpler, faster, and more convenient than ever.

And yet, two-thirds of home buyers accept the first mortgage offer they are given, according to the National Association of Realtors®. With home loans being one of the biggest financial transactions many of us will make, getting multiple quotes from different lenders could save you tens of thousands of dollars over the life of your mortgage.

Do you want to be sure you’re getting the best deal possible?

A free mortgage quote can tell you:

What type of loan you qualify for

Mortgages come in all shapes and sizes, with different loan types catering to specific homebuyer or refinancing needs. From fixed-rate and adjustable-rate, to 15-year and 30-year terms — not to mention VA, FHA, and hybrid loans — the choices are extensive. But, before you make your selection, you’ll need to know what type of mortgage loans you qualify for. Keep in mind, lenders have varying qualifications for approval — only getting multiple quotes from different lenders can give you a complete picture of your options.

How much money you can borrow

Whether you’re buying your next home or refinancing your existing loan, you’ll need a loan that covers your needs. Free mortgage quotes let you compare the amount of money you can borrow across several lenders, so you can pinpoint which offers work for you and which do not. Remember, the highest number may not always be the best option — compare your home loan quotes to determine which lender’s offer is the right choice all-around.

How much cash you can take out with a refinance

If you’re looking to refinance your mortgage to consolidate debt, fund home improvements, or cover other expenses, comparing lender offers is crucial to putting the most money in your pocket. A free mortgage quote gives you an idea of how much cash you can take out by tapping into your home’s equity, and what interest rates you’ll pay after refinancing. Plus, getting multiple quotes means you’ll be able to directly compare lender offers to get the absolute best rate and terms on your new loan.

How Getting Multiple Mortgage Quotes Saves You Money

Explore special offers and discounts

Just like phone carriers and car dealerships, many mortgage lenders run special offers and limited time discounts for qualified homeowners or buyers. With multiple quotes to choose from, you’ll be able to see which institution is the best fit for your finances.

Compare rates by lender

When it comes to home loans, even the smallest difference can mean huge savings. As little as 0.5% interest rate could translate to thousands of dollars over the life of your loan. If you’re refinancing a high-rate mortgage, the savings could be even more significant!

Save on closing costs and lender fees

Fees and closing costs vary by lender, and can add up to thousands of dollars per transaction. Some lenders, however, will waive fees or refinancing closing costs for qualified applicants, which means exploring your options can save you even more when you reach the closing table.

Get a free mortgage quote with your home value consultation.

Find out how much you could save on a new or refinanced mortgage with a no-obligation home loan quote from RP Funding.
RP Funding is known as the home of the No Closing Cost Refinance.

Call 855.218.0765 or visit HowRPPaysClosingCosts.com to learn more.