Refinancing my home:
It is hard to comparison shop mortgages when lenders say we'll "lock in rates" AFTER I complete tons of paperwork. IF I could find 3 bidders who would give up-front numbers, subject to any conditions they like, one of them would get my business. Otherwise, I'm just trusting in the kindness of strangers, which is not necessarily bad when the strangers are not on commission.
It is hard to comparison shop mortgages when lenders say we'll "lock in rates" AFTER I complete tons of paperwork. IF I could find 3 bidders who would give up-front numbers, subject to any conditions they like, one of them would get my business. Otherwise, I'm just trusting in the kindness of strangers, which is not necessarily bad when the strangers are not on commission.
Any thoughts?
This is the biggest money thing in my life right now, and the free market doesn't work in this situation.
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