St Charles Mortgage Article
The internet is replacing many businesses, banking and otherwise. Why
write checks, address envelopes, buy stamps, and finally mail the envelopes,
just to pay your bills? Wouldn’t you rather pay all your monthly bills online
- with one click? Why go to your local insurance agent, waste time, and get
a mediocre rate - when you could get hundreds of companies online
competing for your business - and get a LOW insurance rate?
Besides, many people who go through a local bank to get a mortgage end up
sending a check to some company they never heard of - in some other state!
That’s because the bank just sells you the customer (as a lead), or resells
your mortgage to someone else, because they don’t even want the loan!
Most importantly of all: Local banks are simply NOT MOTIVATED to get
you a low rate on your mortgage.
The most common Mortgage Myths
While we’re at it let’s get rid of some of the most common mortgage myths
around that many people still believe. Many people wrongly believe these
myths because they were told these things by parents, peers, and others who
have been similarly mislead. Also, many of these were true years ago, but
simply are not true anymore due to recent changes in how mortgages are
handled.
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