How do you search for lenders offering best rates and mortgage terms? I have been doing some research online.

I assume google but where I live that sort of info really isn't on the net...it has to be done in person.

I was just told about this site so maybe you can check it out... if it doesn't meet your needs you could try google or another search engine.

What about doing your own research and at the same time talking to a fairly experienced mortgage broker? You can be certain that you should land yourself a good deal, once you have done your own research and got the broker to view rates from different lenders.

__________________
Adverse credit mortgage bridging loans Bridging Finance

Find a knowledgable broker who you trust and feel comfortable with. You should not spend too much time on shopping for the best interest rate in a market like we have today. Everything is changing, and changing fast. If you worry about the rate too long, you may lose the loan.

Warm Regards,

Brian

I agree with you.

What you should do it go to the big banks and even the brokers. Talk and get information on different loans and different interest rates. Then use this to help negotiate lower rates when you talk to other lenders.

Remember they REALLY want you business so you can talk terms (fees) and interest rates. But after you do this...

You can get some of the best interest rates by going to your small local banks. They want to invest in their backyard. Use the rates and terms you received elsewhere to help negotiate and play hardball with them.

From experience, do not settle for the first few quotes you get. Again they really want your business so use that NEED they have against them.

__________________
Get your Free Report that shows the shocking truth behind debt and Immediate Action Items Click Here: http://www.totaldebtfreeclub.com

Calling around town for 50 quotes is really a waste of time. They will give you a number to get you to come back later (teaser) but when you sit down to fill out the papers everything may have changed. "Your score wasn't high enough", "We lost the lock", "The property didn't qualify", "Your ratio was out of line", etc. There are a hundred excuses they can use. Then there is the YSP to be worried about. Some think they will get a better deal through a bank, but the bank doesn't even have to disclose as much as a broker does. In the end, they all get the money from just a few sources and they all decide how much they want to mark up the loan for their profit.

Find someone you know, or is referred to you as trustworthy. Find an independent with low overhead and no expensive advertising. He can afford to do business for less and perpetuates his business by word of mouth. This will be your best bet.

So the advice is to get a broker? how about a lawyer or an accountant??
I find it hard for a broker to advise me how to purchase a property in the states

ukey, The question was not about advising on a purchase, the question is how to get your best rate. Lawyers and accountants are not licensed, appointed, or connected with a mortgage bank or company in most cases.