A cheap rate can certainly save hundreds of dollars up front, just make sure it doesn’t cost thousands of dollars after closing.
The below Best Mortgage Package Shopping List features have a strong influence on your ability to save money, much more than a discount of 0.1-0.15% on a rate.
Come prepared for your meeting with your mortgage broker and your bank: Click on the question to have the “behind-the-scenes” peek.
About the Rate
What are my costs and who pays them?
Variable Rate Mortgages
Managing Your Mortgage: Service During and After
Note: This checklist assumes you’re a best borrower with a high credit score, supporting income, residency status and other terms, who is getting a mortgage on his/her primary residence. If your situation is different, other important questions will apply.