Are online mortgage quotes reliable?
My sister's buying a home and she's looking for mortagge quotes that she can afford. Now problem is, she finds so many lenders are there to offer quotes. She browsed through the web and found a large number of sites offering mortgage quotes only after taking the minimum details from her. So she's confused as to how reliable are online quotes? Are quotes received online almost similar to what she can get after applying for a loan? Or can there be a huge di8fference? Or should I ask her to talk to the lender and fix an appointment so that she can speak of her finances in details and then get the quote? Can one really rely on online mortgage rates or are they just advertisements to lure borrowers??she's not well right now so I'm the one posting here ands trying to get some advice as I thought this forum might be helpful
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(Source: mortgagefit.com)
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