Getting the Best Rates for Your Mortgage
Naturally, you want to get the best deal for the least amount of money. This holds true for mortgage rates as well. A lower interest rate means a lower monthly mortgage payment, which can save you money in the long run. Also, it is easier to qualify for a lower payment than a higher one. With the advent of the Internet, much of this information is readily available online. One of the companies we have found with the lowest mortgage rates and the best closing cost is Key Mortgage Inc. Their website is www.keymortgageinc.com or you can contact them at 734-451-0100. Rates change quickly. That great rate you find today might not be there tomorrow. Once you find the rate you are looking for, submit a loan application and lock in that rate. When comparing loans, make sure that you’re comparing loans of the same type. Ask the lender for a statement detailing all fees associated with the loan. Factors such as “points” (loan fee), interest rate and “garbage fees” (extra fees which some lenders charge) can vary greatly from one lender to another. |