(Click on the question to view the answer.)
- Will anyone contact me after I fill out the Request for Quote?
- How do you find the lowest mortgage rate?
- What should I do after I receive the lowest rate quote?
- Are the rates locked in?
- How long is the quote good for?
- How can you provide this service for free?
- Do I have to apply for a mortgage?
- If I have a problem with my mortgage, who do I contact?
- Are you a mortgage lender or broker?
- Will the information I submit be kept Confidential?
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Will anyone contact me after I fill out the Request for Quote?
No. We will find you the lowest mortgage rate as quoted by our lenders and brokers, and IT IS UP TO YOU to contact them if you are interested in applying for a mortgage. We report the lowest rate to you by e-mail, and you can then contact the lender or broker by e-mail, phone, or online aplication.
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How do you find the lowest mortgage rate?
When you submit the Request for Free Quote, participating brokers and lenders on the network compete for your business. Based on the information that you provide us, we find the broker or lender with the lowest rate and we report only the lowest rate to you.
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What should I do after I receive the lowest rate quote?
It is up to you to decide if you want to contact the lender or broker to actually apply for your loan. In our e-mail back to you, we will provide you with the lender or broker's complete name and address, as well as their e-mail address. Many of the brokers and lenders provide online applications for your convenience. It is up to you to decide how to contact the loan officer - by phone, e-mail, or online application.
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Are the rates locked in?
The rates reported to you are only a quote based on the information that you provided. Your actual rate will depend on the verification of all the information that the lender or broker requests including, for example, your credit history, verification of employment, income, asset documentation, and clear title to the property. Lowest-Mortgage.net is not involved with your mortgage application. We only forward to you the lowest quote from the broker or lender.
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How long is the quote good for?
Mortgage rates are always subject to change until such time as the rate is locked with the lender.
The amount of time your quoted rate is available will be determined by the lender or broker when you apply for the mortgage.
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How can you provide this service for free?
The brokers and lenders pay us a fee to be a part of our network and to compete for your business. We only allow reputable brokers and lenders into the network and will replace them if they do not meet our high standards.
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Do I have to apply for a mortgage?
No. After you receive a quote from a lender or broker, it is up to you to decide whether or not to apply for a mortgage. You are never under any obligation when you receive a quote from a lender or broker through Lowest-Mortgage.net.
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If I have a problem with my mortgage, who do I contact?
You must contact your broker or lender directly. Lowest-Mortgage.net puts you in direct contact with the lender or broker, and you deal directly with them through the entire process.
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Are you a licensed mortgage lender or broker?
No. We provide a service for you, the borrower, to find the lowest mortgage rate among our network of lenders and brokers. We are neither a lender or broker and are not licensed to provide mortgages or act as a broker.
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Will the information I submit be kept Confidential?
Yes. The information that you provide will only be used by the broker and/or lender in securing you a mortgage.
No information will be sold or given to any other parties.
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