Shopping for Local Mortgage Interest Rates?
Mortgage interest rates are being discussed in online forums, social media sites and around the water cooler in workplaces throughout the nation.
Whether you’re looking for today’s mortgage interest rates in Arizona or the best mortgage refinance rates in California, comparison shopping can consume a lot of your time.
Mindful Money has reliable resources for borrowers who are shopping for local mortgage interest rates.
When Will Mortgage Rates Drop?
Mortgage rates may fall at various times throughout the year.
Trying to time the market could result in lost opportunities.
A mortgage broker can review current mortgage interest rates for purchasing a home or refinancing.
What Should I Consider When Shopping for Local Mortgage Interest Rates?
The lowest 30-year fixed-rate mortgage might not be your best deal.
Shown below are some items to consider when searching for local mortgage rates:
Rate type (fixed or adjustable)
Term (repayment time frame)
Points (Origination, discount, buy down)
Fees
Pre-payment penalties
Insurance (PMI / MIP)
Length of financing (short-term / long-term)
Rate lock (cost)
Qualifying (Credit score & debt ratio)
Special financing (builder incentives / community programs)
Speak With a Mortgage Broker Nearby About Lower Mortgage Interest Rates
Beyond the numerical portion of mortgage interest rates are qualifications, down payment requirements and specific considerations, such as how long you plan to live in the home or if you plan into refinance a low-rate mortgage loan.
Certain advertised interest rates are directed toward borrowers with above-average credit scores, large down payments for a home purchase or significant equity for refinance transactions.
Discover what you’ll need to get the best mortgage interest rates.
Speaking with Samantha Cooley, a licensed mortgage broker with Mindful Money who helps borrowers secure attractive financing in AZ, CA and CO is a wise idea.
With more than 20 years of mortgage industry experience, Samantha will help you determine which mortgage rates and terms most align with your financial goals.
Based in Phoenix, AZ, Mindful Money is a licensed mortgage brokerage that helps borrowers obtain affordable home loans in Arizona, California and Colorado. Apply here!
Reach out to Samantha Cooley today to discuss your home financing needs.