Where to Get the Best Mortgage Rates – 4 Things You Need to Know


Interest Rates Increasing

Interest Rates Increasing (Photo credit: 401k Limits)

Where to Get the Best Mortgage Rates – 4 Things You Need to Know.

To properly answer this question (Where can I get the best mortgage rates?), we must address four different factors. Each of these factors can affect the rate you receive from a lender:

  1. Types of home loans (ARM vs. fixed)
  2. Credit unions vs. “regular” banks and lenders
  3. Using points to get the best mortgage rate
  4. How your credit score and other qualifications play a role

Let’s start by discussing the different types of home loans, and how those differences could affect your interest rate.

 

Read more: http://www.homebuyinginstitute.com/2013/08/getting-the-best-mortgage-rate/#ixzz2bZlk01D3

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4 thoughts on “Where to Get the Best Mortgage Rates – 4 Things You Need to Know

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