AAA Blog

    I get calls all the time that ask for my best rate.  I warn the caller that the rate that I quote is a thirty year fixed rate with no points.  If you just call and ask for the rate you don't know what you are getting. 

    Many national lenders quote with one point.  There is nothing wrong with that, except that you are not comparing "apples to apples". 

    So when you shop for your "best rate", ask:  Is this a 30 year fixed?  Are there origination points added?  Could you send me a Truth In Lending form?

    Remember, asking for the best rate is like asking how much is a bag of groceries.  Unless you know what's in the bag, you can't compare!