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Derek Said:

What's the best method for finding the absolute lowest rate on a 30-yr fixed mortgage?

We Answered:

Go directly to the website of your local banks, credit unions or retail lenders such as Countrywide, B of A or Wells Fargo (aahh).

Steer clear of mortgage brokers unless you know someone in the business who is willing to waive some closing cost fees.

By the by you should put stock in customer service....the big 3 I just mentioned have horrendous customer service records. Lack of customer service can put you in a foreclosure situation that you don't deserve.

Do some research on any company you choose. By blogging Wells Fargo I have found tons of complaints of payments supposedly not received and homeowners in foreclosure that are not warranted due to lack of competent customer service.

Best of luck

Edwin Said:

Mortgage Broker for finding mortgages?

We Answered:

A good correspondent lender or mortgage broker can pre-approve you (free, immediate, and you have no obligation), and shop your loan to many Investors (Big Banks and wholesale lenders).

Sounds like you are a first-time home buyer. You may want to check out the FHA programs at www.hud.gov.

Also, each state has first-time buyer programs.

Please feel free to contact me if you would like to discuss the process.