do this for a better interest rates
TRANSCRIPT
Do This for a Better
An interest rate rise is an all-too-familiar occurrence for many American homeowners, and is probably one of the most unwelcome snippets of news you can receive.
Shop Around
Do some research online or head to your local bank branch to see what they have to offer.
Consider at least three loan providers before making a final decision and avoid being sucked in to a deal without considering
the repercussions.
Be sure to check for any hidden fees like break of contract, early exit, transfer of mortgage, etc.
A mortgage broker has agreements with a specific list of lenders and can have the first choice of new products, services, and interest rate preferences
for continued business.
See a Mortgage Broker
They’re more likely to find something that suits your needs rather than just outright selling you a product, so you have a better chance of a better deal.
If you’ve got multiple loans with one lender, make a point of highlighting the amount of business you
have and see if they’re willing to come to the table with a better deal.
Utilize Buying Power
Most of the time, a teller or mortgage consultant will be willing to discuss ways to keep your business with them, so you can quite often receive a better interest rate, especially if you come in with some
prior research on comparison rates.
Don’t be Afraid to Ask
Remember, nothing in life is permanent, so don’t be afraid to explore your options and shop around for an interest rate that can potentially save you big money over the life of a loan. As always, be sure to consult a professional before signing up for a deal, just to be sure you’ve
got all your bases covered.
CON
TACT US
Michael Putnamhttp://michaelputnam.com
ADDRESS12700 Fair Lakes Cir #120Fairfax, VA, 22033Keller Williams Fairfax Gateway PHONE 703-928-6514