How to Use Shoprate.com - A Tutorial

I am going to be buying a new home in the upcoming months. Thought it would be a great time to see how to best utilize the features offered at Shoprate.com to help me through my home financing decision.

First, I would start out in the learning center, gathering information which would pertain to my particular situation. I would get state specific information, information about the mortgage process and more detailed information on the various mortgage programs available. I would be certain to familiarize myself with the mortgage terms and definitions found in the glossary.

Second step would be to figure out how much money I would be eligible to borrow and what my estimated monthly payments would be using the Shoprate.com online mortgage calculators.

My next step would be to sign up for the free 7 step E-mail tutorial where over the next ten days I would receive 7 articles written by the Shoprate.com staff to help me with the entire mortgage process - why not it is free and the information in the articles could educate me with the mortgage process.

At anytime during my process if I had any questions I would go to the ask Shoprate.com section and submit a question to be answered by the knowledgeable Shoprate.com staff. If I were looking for a specific rate I would submit my information to the Rate Watch Section so that I would be notified when that rate was available.

On a daily basis I would check out the Mortgage Blog for mortgage market daily snapshot to help see where rates have been and where they might be going and one of the most important must see features of Shoprate.com is the Daily Mortgage Market Commentary giving me advice on important economic indicators on where the mortgage market might be heading in the long and short term.

Next step, finding the right mortgage and lending institution. Stay tuned.