Choosing the Lender

Getting the best pricing and ultimately getting approved for a mortgage does not have to be a long stressful process.  SmartRateSearch.com affords quick access to research that might otherwise take you days or weeks to uncover. When you choose a lender displayed on SmartRateSearch.com for your home financing, the loan process should be completed quickly, honestly and without hassle. 

We are dedicated to directing consumers only to lenders who consistently act with honesty, integrity, transparency and efficiency throughout the loan process.   

These lenders have committed to complete transparency throughout the loan process.  Most have implemented such programs as Real Time Pricing Engines and Online Automated Approvals which allow for nearly instant loan approval. Many Virtual Shopper lenders have implemented additional consumer friendly programs such as: Closing Cost Guarantees, On Time Closing Guarantees and 24/7 loan tracking. 

These guarantees help to eliminate the “old school” mortgage practices of raising closing costs prior to, or even, at the closing table.  Another “old school” practice was to move the loan underwriting slowly to allow a rate lock to expire. This forced the consumer to pay the higher rate. Even more devious is the practice of failing to lock the rate in the first place. The Loan Officer basically gambles with the consumer’s money in order to lock the rate when they can make more money. If rates went up instead of down, the consumer would be charged a higher rate than what was promised.

The goal of SmartRateSearch.com is to allow consumers the opportunity to make a clear and educated comparison of local and national lender’s offerings.  The consumer can now compare an offer from a local bank, credit union or mortgage broker against the best terms available from our Virtual Loan Shopper Lender Network. With all the information at their finger tips, the consumer can make an informed decision as to what is best for their family!

Consumers need to know tha basically, all prime or “conforming” loan products are exactly alike!  This is where the term “conforming” comes from.  The loan specifically conforms to the rules of Fannie Mae or Freddie Mac who purchases these loan transactions from the lenders. Additionally, all government authorized loans such as VA; FHA and Rural Development or RD loans are exactly alike.  The only notable difference when shopping these loan products is the honesty, transparency and profit margin of a particular lender offering the product!

The goal of SmartRateSearch.com is to ensure that consumers are never again sold “risky” loan products, or “convinced” to pay too much for the exact same mortgage financing.