You should shop around for a mortgage if you want to save an average of 25 thousand dollars. That’s what the average borrower leaves on the table because they don’t know how to shop for a mortgage.
The problem is borrowers do not have the right tools to shop. They google, they connect with the first few brokers offering rates that catch their attention but the problem is they just become leads, get harassed and give up.
Most of the so-called “Comparison sites” (Lending Tree, Bankrate, Zillow) etc are all just lead generation models that barely dent the surface when it comes to shopping for a mortgage.
Parlend, on the other hand, calculates the lowest rate you can qualify for your loan and finds a loan officer, from among the 400K loan officers out there, who can offer you that rate, all anonymously, and with just a single click.
Check out our free mortgage shopping tools at https://www.parlend.com
This question was initially answered in Quora by our co-founder and mortgage ninja Kevin. View in Quora