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    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
    Ultra Member
    		  
    #1

    Dec 9, 2008, 08:27 AM
    Mortgage Shopping
    We were preapproved for a mortgage well exceeding what we want to spend on a home. We haven't locked in a rate yet but they are looking competetive. In addition, once we close, we can refinance the mortgage at a better rate with the same company at any point we want with no fees and minimal paperwork.

    My question - is it worth the effort to shop for a better rate if we can adjust the current one for free?
    RealEstateMandy's Avatar
    RealEstateMandy Posts: 6, Reputation: 4
    New Member
    		  
    #2

    Dec 15, 2008, 04:52 PM

    Its always better to shop for a better rate. If you are patient and shop around you will save yourself the pain of re-financing later on. Good luck to you!
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