Fiction: When shopping for a mortgage, the lowest quote is always best.

Fact: A low quote is enticing, but to fully evaluate a mortgage, one must review all of the fees and expenses that go into the total you will pay.

There are also different varieties of mortgages, such as fixed and adjustable, that impact the actual quote and total cost. You need to take these differences into consideration, as it can be difficult to compare mortgage quotes apples to apples. It is a good idea to work through the quotes and specifics, such as additional fees and type of mortgage, with a financial professional.


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