| The bottom line: The Money Store can find lower | | | | - Calculators to compare ARM vs. Fixed rates |
| rates for you. | | | | - Calculators for comparing mortgages points |
| Here's what you need to know: The Money Store is | | | | - Rent versus Buy calculators |
| easy to use, has a great guarantee and many helpful | | | | Once you log in to The Money Store you find updated |
| user tools BUT we have a helpful tip. KNOW YOUR | | | | information on fixes rate mortgages for 30, 20 or 15 |
| CREDIT SCORE! After entering some basic | | | | years. You can also view information on options like 1 |
| information The Money Store will offer you up to 4 | | | | year ARM and jumbo fixed rate mortgages. |
| loan offers. In our experience, the loan offers had | | | | Our favorite tools: |
| lower rates than competitors. However, users have to | | | | The Accelerated Mortgage Calculator lets you see the |
| realize that when you enter your estimated credit | | | | thousands of dollars you can save by paying off your |
| score, the offers you get are based on that credit | | | | mortgage early, by for example, making bi-monthly |
| score and if your off, the offers you get after filling out | | | | payments. |
| a loan application can be different if you were off on | | | | The Mortgage Affordability Calculator lets you put in a |
| your credit score. | | | | mortgage amount and monthly expenses and then it |
| Once you know your credit score, if you're interested | | | | will tell you the income necessary for this mortgage |
| in a new mortgage or refinancing an existing mortgage, | | | | option. |
| then The Mortgage Store is worth a visit. | | | | Checking Rates and Applying for Loans: |
| What is The Money Store? | | | | In order to get a rate quote you'll need to put in the |
| The Money Store is an online financial service that | | | | following basic information: |
| offers some very helpful financial tools as well as a | | | | - Your name |
| loan shopping service to get you the lowest interest | | | | - Your address |
| rates possible. | | | | - The property value |
| They even offer a Lowest Cost Loan Guarantee | | | | - The desired loan amount |
| promising to match any competitor's loan offer or else | | | | - Your estimated credit score *** please remember |
| to pay cash to the loan applicant. | | | | our earlier advice |
| What can you shop for at The Money Store? | | | | You may receive up to four loan offers to compare |
| While there are no money trees for sale here, you can | | | | and at this point you should consider the rate AND the |
| shop for new mortgage loan as well as refinancing for | | | | closing costs. If you want to see options with points |
| an existing loan. | | | | you can click on points 1 through 5 at this time and The |
| Once you've done your shopping and if you've found | | | | Money Store will recalculate your offers. |
| an attractive offer then you fill out a loan application | | | | Our wish list: |
| directly through The Money Store. | | | | We wished that we could see comparisons of offers |
| Financial Tools We Like at The Money Store: | | | | side by side instead of one at a time but still the offers |
| - Mortgage affordability calculator | | | | were worthy. Even a 1/8th of a point of an interest |
| - Mortgage calculator | | | | would offset additional closing costs fees. |