Mortgage Interest Rates Explained
What is your rate? That is the question that I am asked the most by a borrower when I first talk to them. It is not a quick and easy answer because many people don’t realize what goes into a mortgage rate. There are many factors that go into interest rates including loan to value, credit score, property type, loan amount and several others.
If you call a lender and they just quote you the going rate for the day they are really doing you a dis-service. To get an accurate idea of what your rate will really be your going to need to share some important details with your lender.
Check out this video to learn more.
I would be more than happy to get you the best rate I can, if you'd like to learn what YOUR rate will be give me and my team a call! 239-437-7278
I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!