Special offer

Best Mortgage Interest Rate

By
Mortgage and Lending with Smart Mortgage

Best Mortgage Interest Rate

How to find the best mortgage company with the best rate for you? Here are 6 tips on how to find the best rates.


1.Establish a baseline. Start out by asking someone you trust for recommended lender so you can obtain credit scores and discuss your loan options. Your lender will help you in understand the comparison between Federal Housing Administration and Conventional Financing, also some various loan terms, so you can have a wider and broader knowledge on which loan program to choose.

2. Contact multiple financial institutions. So since interest rates fluctuate constantly. Try to compare each loan programs from different companies that would be suitable for you. Some lenders who are eager to generate more purchase loans might offer the best mortgage rates for homebuyers but not for refinancing homeowners. Its been proven that having more options helps you make a clearer and better choice in choosing which company is right for you.

3. Set a date on when you want to close. The length of the lock-in period affects your mortgage rate, discuss with lenders your target close date and ask about the charges for different loan-lock periods.

 4. Fees. Compare the variations of the fees. Generally speaking, a mortgage company with higher fees should have lower interest rate. If you plan on refinancing try using our Mortgage Calculator.

5. Keep in touch. Always call lenders for an update on the interest rates. It is constantly fluctuating so you really need to keep in touch with them.

To learn more about interest rate please click here.
Please visit our website to learn about our service by clicking here.

 

Comments (5)

Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Hello Travis,

Great tips on how one can find the best mortgage rate company. I think it all comes down to trust and communication.

Oct 28, 2013 03:11 AM
John Pusa
Glendale, CA

Travis - Thank you for sharing an excellent list of information about best mortgage interest rates.

Oct 28, 2013 05:47 AM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!
Awesome share Travis. This is very informative and will surely prove helpful to home buyers and readers out there. All the best!
Oct 31, 2013 08:39 AM
Barbara Gregus
CARES Consumer Advantage Real Estate Services - Sandia Park, NM
Sandia Park Paa-ko Homes
Excellent post Travis that discusses Best Mortgage Interest Rate. Keep it up!
Dec 19, 2013 11:03 AM
Waynette Hoover Araj
Keller Williams Realty - Asheboro, NC
Connecting your Dreams with the Right Real Estate
Thank you for sharing Best Mortgage Interest Rate, Travis, keep up the good work!
Mar 16, 2014 11:46 PM