Studio City, CA -- (SBWIRE) -- 08/17/2010 -- Are you in the market to buy or refinance a house? TodayMortgageRates.net is the place to go. TodayMortgageRates.net is an online mortgage information resource that will make it easier for you to find the best mortgage rates in the market. TodayMortgageRates.net will also help you connect with mortgage lenders in your area.

Here is some important information for you to consider when shopping around for the best mortgage rates:

1. - Don't take the first offer as the final offer. What you should do is take the first offer and take it to another lender. Most chances is that you will get a better deal. Remember, THEY WANT YOUR BUSINESS!!!

2. - Don't believe every advertisement you see on the internet. You are going to run into a lot of false advertisement. Make sure you are getting your information from a credible source.

3. - Ask for references. Try to talk to people that have had work with the mortgage lender you are about to sign. Find out their experiences. Remember: ACTIONS SPEAK LOUDER THAN WORDS!

4. - Lenders have a different margin. Margin is the profit the bank will make from your business. It's mpossible for you to find out what their margin is but know that there is one, so try to get the lowest rate.

5. - Be aware of what the current mortgage rates are.

6. - Make sure you get a "loan commitment". A loan commitment will guarantee you get the rate they promised you from the beginning.

Keep in mind that your credit becomes a very important issue when buying or refinancing. Lenders look at your credit score as your resume, meaning it will give banks a lot of information about how you are as a consumer. Are you someone that knows how to handle your finances, are you responsible with your debts, do you have a lot of debts, do you make your payments on time, do you have any collections, any settlements. Let's face it, credit in this country is as important as your medical records.

Banks want to make sure that you will pay back the money they will lend you, not to mention that if you have a high credit score you odds to get a lower mortgage interest rate are much better.

TodayMortgageRates.net is a one stop online store for mortgage rates, credit card information, student loans, insurance, etc... You can rest assure that you will find reliable information and literature about your financial needs.