1. Let’s say that you are shopping for a interest rate for a mortgage, you get out your Sunday newspaper, and go to the real estate section to see what mortgage rates are doing that day. You see 20 different mortgage companies offering different rates saying that since they are a local mortgage lender they can give you better rates. This is a lie.

2. Mortgage rates have nothing to do with where your house is located. Mortgage rates do not care where you live to be exact. They just want to know whether or not you are going to give them a new home when you apply for a new home loan, and you can imagine it for your own situation.

3. Local lenders say local mortgage rates are better than national mortgage rates to trick you to get off of your butt and walk into their office instead of you getting on the internet, then the phone and calling up a couple places. They know its hard for you to walk out of an office saying “no” when everything makes sense. On a phone, it’s easy to just hang up.

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