There is a great deal of confusion among consumers and the general public when it comes to mortgage rates, partly due to the amount of false advertising and disinformation put out by the mortgage industry iself, the rest due to complexity involved in the everchanging movement of interest rates. All borrowers are faced with a variety of questions. What rates am I truly qualified for? Why didn't my friend, family member or neighbor wind up with the rate they first saw advertised on TV, Newspapers and the Internet? How often do rates change? What are ratelocks? What factors affect the rate I receive? (variables such as types of loan documentation, income ratios, credit/FICO scores, etc). If you feel like you have not always received a straight answer from other mortgage sources often times there is a simple reason why. Many companies believe an ill informed consumer is a better consumer and rely on the gaps in knowledge in order to squeeze out higher rates and fees.

LSPros can help mortgage shoppers understand the details involved in rateshopping. What reasonable wholesale/retail mortgage rate mark ups are, how often rates in reality change and understand insider terminology such as yield spread premiums. We can save you endless extra hours of rateshopping over the phone as well as help you prevent being ripped off by your lender when it comes time to lock your rate in. LSPros has access to insider wholesale industry ratesheets and can quickly zero in on what real rates should be so shoppers dont have to run from one lender to another chasing phony rate quotes.

(Read An Example Of Retail/Wholesale Rate Markups And Loan Pricing)

(Guide To RateShopping - What Is True About Changing Interest Rates And How The Truth About Changing Rates Can Be Subjected To Salesmanship And  Manipulation)