So I'm in the market right now looking for a home loan for a cheap house (300k at most) in the Ithaca region within the next year or so.
I understand some of the loan concepts and what not (ARM, fixed, etc.) and probably considering a 5/1 or 7/1 ARM seeing that I probably won't be staying in Ithaca for more than 7 years.
With that said, I was wondering what tips/advice you current (or past) home owners have in regards to shopping for the best mortgage. I'm an amateur at the moment and so far have consulted with LendingTree. Sometimes, however, I get a feeling that I may not be getting the best loan/rates possible.
Any takers on this? Thanks in advance!
