Keystone Mortgage Group, Knoxville releases top tips for researching a mortgage online

Knoxville, TN - Keystone Mortgage Group is providing customers with the honest information they need to get a mortgage in Knoxville, Tennessee. Keystone is delivering home financing options and education to homebuyers, helping them reduce their monthly mortgage payments and refinance Adjustable Rate Mortgages (ARMs) as interest rates rise.

Keystone Mortgage Group is attracting attention and many local clients through a mix of professionalism, integrity and cold hard results for clients. Keystone recently released a guide to shopping online for a mortgage, the details are below:

Nearly 75% of consumers research products and services online before making a purchase. Mortgages can be researched online, and it’s a great way to ‘shop smart’ but Keystone recommends you bear the following points in mind before going cyber sleuthing for a mortgage loan.

1. Know your credit score. Your credit score and credit history will determine if you qualify as a conforming borrower or sub-prime borrower. Sub-prime borrowers typically have less than perfect credit and usually don't qualify for interest rates as low as conforming borrowers. Most of the rate quotes you will find online are for conforming borrowers.

2. If a deal sounds too good to be true, it probably is. The old saying holds true for the mortgage industry – the industry has changed over the past 20 years and there are all types of loan programs out there. Many allow a borrower to make small monthly payments during the first part of their loan term but then you face escalating payments as time goes on.

3. Interest rates change daily. If you conduct your research over a period of weeks or months you’ll notice that rates will change. Mortgage interest rates are closely tied to changes in the 10-Year Treasury Bond which changes daily based on market news.

Online research will help you become a more informed buyer regardless of the product. The key is to understand the options available to you. It’s always a good idea to speak with a loan officer from a local company if you have specific questions regarding your situation.

For Tennessee mortgage rates and calculators and more, simply visit Keystone online at: http://www.KeystoneMortgageGroup.net or call: 865-909-0211

Contact Information:
Keystone Mortgage Group
1508 Coleman Road
Knoxville, Tennessee 37909
Phone: 865-909-0211
Fax: 865-909-0178
###