By CHUCK MYERS
McClatchy-Tribune News Service
Published: Monday, Apr. 16, 2012 – 5:09 am
While mortgage rates remain very low, borrowing in the current tight credit climate can prove a challenge.
Prospective homeowners therefore need to be as well informed as possible about the mortgage process and qualifying for a loan.
The Web can serve as a useful tool for answers about mortgage rates and the borrowing process. Here are a few sites:
-American Bankers Association: Provides general overview of how to shop for a home mortgage. http://www.acbankers.org/Press+Room/MortgageTips.htm
-Bankrate.com: A good primer on how mortgages work and the different types of borrowing. http://www.bankrate.com/brm/green/mtg/mort1a.asp
-Federal Trade Commission: Features insights on how to shop, compare and negotiate a home mortgage. http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea09.shtm
-Mortgage Calculators: Offers a wide range of mortgage insights and tips. http://www.mortgagecalculator.org/helpful-advice/ups-and-downs-with-mortgages.php
-Moving.com: Covers mortgage basics and finance tips. http://www.moving.com/articles/mortgage-101.asp
Read more here: http://www.sacbee.com/2012/04/16/4416980/on-the-money-shopping-for-a-mortgage.html#storylink=cpy
