How many times have you wanted to see what the rates are without hurting your credit?! This is a way that I, as a real estate investor, research the going rates given by lenders in the now. The site I use the most for researching loans and rates is http://www.bankrate.com
I have been using it for ages. Any time I want to compare rates before I talk to a lender, I go to the site. It’s another bargaining chip I bring with me. Either they can match the rate or they can’t. If your credit is not very good, this is also a good way to see if you’d even be able to get a loan. It may be that by performing this exercise, you find you need a co-signer/credit partner in the deal you want to do. You can also compare the amount of points, the real, or close to it, APR that will be charged, etc. It even gives you the name of the lender if you want to contact them directly. Play with the numbers, I’m sure you’ll learn something new. 😉
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