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Ask Shop Rate: Lee - Unknown State

Posted by  on Apr 16, 2009
 
Can you get a lower rate for a home loan in another state that may be lower than the one’s in your own state with good credit? For the most part, yes. Pricing is often regionalized. Certain states are more attractive for a bank to lend in. This works like car insurance in that there is more profit for a company and they therefore charge a lower premium.


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