Mortgage rates are not one-size-fits-all, and homebuyers need to act in order to get a lower personalized rate.
loan officer Joseph Rivera tells homebuyers not to get bogged down with what they read in most media reports about current mortgage rates.
"Contrary to popular belief," Rivera says,"every interest rate that a homebuyer ends up with is pretty much custom-made or tailored to their specific situation." When homebuyers read a mortgage rate online or hear one on a TV news report, they need to keep in mind that it is an average or a median rate and it is likely not what you'll pay.
"The lender will evaluate what they consider the perceived risk; the higher the risk, the higher the interest rate," says Rivera,"And the higher the cost will be to the borrower."A good credit score lowers your mortgage interest rate; so does a smaller loan amount. A big down payment can drop your interest rate, too. Your"debt to income" ratio -- how much you owe versus how much you earn -- plays a part in the interest rate you will be offered.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
How you can customize your mortgage rate for a better deal'Contrary to popular belief,' says one loan officer, 'Every interest rate that a homebuyer ends up with is pretty much custom-made or tailored to their specific situation.'
続きを読む »
Buying a home? Here's how much rising mortgage rates will add to the cost.Mortgages rates have soared since the Federal Reserve announced in March that it was raising its short-term borrowing rate for the first time since 2018.
続きを読む »
A’s suffer eighth straight loss as offense continues to be a big problemA’s have now scored one run or fewer in nine of their last 14 games.
続きを読む »
Costco ends mortgage program membership perkCostco is no longer offering a mortgage program for its members.
続きを読む »
How higher Fed rates stand to affect Americans’ financesRecord-low mortgages below 3% are long gone.
続きを読む »
Crypto Mortgages: How You Can Buy a House Using a Crypto-Backed LoanFor crypto-rich homebuyers who never want to cash out their digital assets, crypto-backed mortgages could be a good option. sndr_krisztian reports on what you need to know:
続きを読む »