Financial Services: Mortgage rates ‘deals’ may be come-on
Taking out a first mortgage, or even refinancing an existing one, can be a daunting task for a future or existing homeowner.
With myriad loan options to choose from, a critical part of the borrowing process is simply learning what kinds of mortgages are available and how they work.
“There’s massive misunderstanding on the part of consumers today,” says Louis Barnes, a partner at Boulder West Financial Services Inc., who also writes a weekly mortgage newsletter. “A lot of people have an antiquated understanding of the mortgage industry.
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