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 Winning
the Interest Rate Game
The
subject of mortgage interest rates and points has traditionally
been a source of considerable stress for home buyers. But it needn't be
stressful at all if you understand a few simple basics
Search for Best Mortgage
Rates
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Have
questions about home financing or the approval process? Please do not
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directly at (919) 256-3125.
 
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Winning the Interest Rate Game
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The
subject of mortgage interest rates and points has traditionally
been a source of considerable stress for home buyers. But it
needn't be stressful at all if you understand a few simple basics:
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Rates
change daily
And in many cases hourly. Yesterday's quote is very likely to be
different than today's, and today's different than tomorrow's. If you
can't afford a rate increase, then lock in your interest rate and points
as soon as you've completed your
loan application.
-
Don't
play the guessing game
Nobody, and we mean nobody, has the power to accurately predict
when, and in which direction, interest rates will move. If a lender
tries to tell you otherwise, it's a good indicator that it's time to
find a more honest or knowledgeable lender.
-
Getting
the right Rate and Point combination
Determining which combination of rates and points is best for you is
generally a function of how long you intend to keep the mortgage. In
general, the longer you plan to keep the mortgage, the more advantageous
it is for you to get a lower rate by paying more points. Speak with one
of our experienced loan counselors to determine the best combination for
your unique situation
-
Don't be
seduced by "low-ballers"
While the overwhelming majority of mortgage lenders are honest,
honorable, hard-working professionals, unfortunately, there are a
handful who aren't. Be wary of lenders promising exceptionally great
rate quotes. Instead, limit your focus to professional lenders,
passionate about their work. In the end, you'll get great service
and a great rate.
 Now,
if you really want a more in-depth understanding of the factors that
affect interest rates on a daily basis click on
The
Expert's Guide to Mortgage Interest Rates.
Read it
carefully. The information presented in it will help you to better
understand the mortgage lending process and will help you save both time
and money.
Should you have any
questions, please contact our mortgage lending experts at any time. They
are among the most knowledgeable professionals in the nation and they're
dedicated to making your loan approval process an easy, pleasurable
experience.
YES!
Send me my free copy of the
The Expert's Guide to Mortgage Interest Rates
guide instantly to my email address below.
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