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Wayne Said:

Does anyone know the best way to find the best mortgage?

We Answered:

Rates change as often as several times a day so shopping by rate doesn't make a lot of sense, especially since it is only one component of what makes a mortgage loan the best one for you.

Call you current lender and ask about a streamline refinance. These can be very, very cost and time effective.

We all send our loans to the same investors, rates don't differ enough from lender to lender to make that much of a difference. It takes a pretty good differential to make a big difference in the payment and if you're paying too much in fees to get it, it probably doesn't make sense anyway.

The biggest disservice my industry has done to the consumer is to teach them that it is all about the interest rate. Costs and service are at least if not more important.

Interview loan officers until you find someone with whom you can develop a lifelong financial relationship based upon trust and mutual respect.

Terry Said:

How do you find the best mortgage rate without getting ripped off?

We Answered:

Go to bankrate---best website for rates of all kinds. Recommended by the top business magazines