There are lots of factors that influence the mortgage rate you receive.
Are you preparing to apply for a loan? Here's what will impact your rate:
- Your credit score. The higher your credit score, the better your interest rate will be.
- The amount of debt you have. Lenders want to know how much of your income you put toward debts each month.
- Your down payment. Bigger down payments typically mean lower rates, while small down payments mean the opposite.
No one is more equipped to get you the best mortgage, with the best rate, and best terms than a licensed mortgage professional who works with all lenders and can shop around. Ask for my preferred mortgage partner today to get started without obligation.