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There are all sorts of resources available to people looking for the best mortgage rate and good mortgage rate information. Your local banker, a local mortgage lender who might be a broker, ads on TV, ads in magazines and papers, and in the internet-they are literally everywhere. Just remember that virtually everyone you talk to is trying to sell you something. The key is to find some reputable independent sources of information.

Though in this age of information there are a lot of useful resources available, but most people are unable to avail the best mortgage rate available to them. This may be out of sheer laziness or ignorance. The wise have always preached- Where there is a will, there is a way.

All it requires is a little determination and commitment from you. After all it is the biggest purchase of your life.

Here is the list of some of the best resources you can reach out for to avail the best mortgage rate.

Mortgage Brokers: There are many good and reputable mortgage brokers in the market. Do your research; collect their contact details and contact as many as you can to grab the best deal.

Ads on TV, Magazines and News Papers: Almost daily we spend some time watching TV, reading newspapers and magazines. Nowadays there are a lot of advertisements on these mediums and some of them are related to home loans, home equity loans and mortgage rates. Keep a record of all these mortgage ads, contact them and compare their quotes.

Internet: One of the best and most effective resources these days is the Internet. It is todays fast and economical way to reach millions of people across the globe. You can find unlimited opportunities out there. Two of the best such sources are:

http://www.mortgage-x.com is a complete independent mortgage information service offering "how to" on everything related to mortgages.

http://www.bankrate.com provides free rate information to consumers on more than 300 financial products, including mortgage rates and home equity loans.

It is not all-inclusive but you can find many other resources and websites yourself by using search engines. Within fractions of a second you will find countless resources available to you. However you need to be careful, as not all resources are equal in terms of reliability, reputation and commitment.

Your quest for the BEST deal on a home loan starts with knowledge and information-you can't have too much of either.

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