Interest Rate Factor

Not necessarily. In fact, first-time borrowers who chase the lowest rate regardless of other considerations often have some unpleasant experiences. For example, you may pursue a particularly low rate loan only to learn weeks later that you aren't eligible for it; reduced staffing at some lenders may lead to "dropping the ball" on important details and paperwork associated with your loan; or a person who is unfamiliar with your specific needs might not properly respond to your questions. For your first mortgage and later mortgages as well, it's best to shop for rate and service. At a resource like Home123, you'll enjoy competitive rates and personalized service from an experienced loan advisor who knows you and your needs, and who is committed to managing all the details associated with your loan so you don't have to.