Get a Real Mortgage Rate Checkup!
Minneapolis, MN: Homeowners everywhere are constantly wondering how their existing mortgage interest rate compares to today's market rate, or what a new payment on a new home might look like compared to their existing mortgage payment.
So the typical go to method these days is to run to the internet to see rates. Unfortunately, many of the rates you see at either based on a "perfect" situation that may not apply to you, come loaded with discount points you don't want to pay, are offering reduced closing costs that increase your interest rate, or very sadly, they are just straight up fake rates even God couldn't qualify for.
Free Online Quotes
We, like many other lenders offer annonymous free online quotes. For many people, this is an OK place to start, but the old computer statement of garbage in, garbage out applies..
So how do you get an accurate mortgage rate quote?
Get off the internet, pick up the phone, and contact a local lender in your own backyard. Give that person as much information as you are comfortable with so they can accurately assess your situation, along with your wants, needs, and goals to make sure you are not only getting the best deal for you, but an accurate quote on that deal.
Rates Change
Finally, also remember that mortgage interest rates change, potentially daily, based on market changes, and that the only rate quote that matters is the one you get on the day you lock the loan.
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Equal Housing Lender. NMLS 274132, 322798. Cambria Mortgage lends in the following states: MN, WI, SD, ND, IA, FL, TX, CO, This is not an offer to lend or to extend credit, nor is this a guaranty of loan approval or commitment to lend. The information here may not be up-to-date and may no longer be accurate. Products and interest rates are subject to change at any time due to changing market conditions. Actual rates available to you may vary based upon a number of factors. Consumers must independently verify the accuracy and currency of available mortgage programs. All loan approvals are subject to the borrower(s) satisfying all underwriting guidelines and loan approval conditions and providing an acceptable property, appraisal and title report. (C) 1998 - 2020, Joe Metzler
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