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UrbanTurf Reader Asks: How Do I Shop Around For a Mortgage?

  • June 9th 2009

by Mark Wellborn

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Shopping around for the best mortgage is a common practice in the home buying process, particularly in markets like this one. However, exactly how to go about finding the best option is a task that requires research and advice. In this week’s installment of UrbanTurf Reader Asks, a reader inquires about the mortgage shopping process and what is involved:

"How do I shop around for a mortgage? Does the process entail going to a few banks/institutions and having them check my credit report/score, and then they give me the loan/interest rate options based on that? Does every inquiry into my credit report/score actually lower my score?"

Post your thoughts in the comments section. If you would like to submit a question for UrbanTurf Reader Asks, send an email to editor@urbanturf.com.

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This article originally published at https://dc.urbanturf.com/articles/blog/urbanturf_reader_asks_how_do_i_shop_around_for_a_mortgage/1004.

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