Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
How to Get the Best Mortgage Rate for Your Waukesha WI Home
If you are planning to buy a home for sale in Waukesha County, you are probably thinking of getting a mortgage.
Home buying costs quite a bit, and if you are like many Americans, you will need to get a mortgage because your savings are not enough to get you the home you desire.
What is a mortgage rate?
When you get a home loan, the bank lends you the principal amount, plus a certain amount of interest. That is the mortgage rate.
Your mortgage rate may not seem like a big deal initially, but when you sit down and compute that amount over the duration of the time of payment for the home loan, you’ll see it's a lot of money.
That .5% increase means you’ll be paying hundreds of dollars more.
That’s why you need to shop for the best mortgage and the best mortgage rates.
The lowdown on mortgage rates
Different banks offer different mortgage rates. When you see a bank offering a 3.5% mortgage rate, don’t assume that’s the mortgage rate you’re going to get if you apply for a loan in that bank.
That’s not the way mortgages work. It’s not a one size fits all type of interest rate. ... more
Are you on The Rain? Grow Your Network!