THE 5 FACTORS THAT DETERMINE INTEREST RATES

The most asked question we get from client’s is how do I get the best interest rate. We also deal with a lot of frustrated clients who were quoted one thing from another lender but then that was not the rate they were going to receive. We’re here to help educate you so that you know the how and why behind getting the best possible rate.

5 FACTORS THAT DETERMINE YOUR RATE

  1. DOWN PAYMENT
  2. CREDIT SCORE
  3. PROPERTY TYPE
  4. PROGRAM
  5. TERM

It’s important to work with a mortgage professional that educates you as the buyer on these factors. It’s also important that you work with a mortgage professional that is constantly monitoring the market so that they can best assist you throughout the loan process. I’m Kiel Lillibridge, Branch Manager, with The Lillibridge Group and Premier Mortgage. Feel free to forward this information to your friends, coworkers, family that would find this extra knowledge beneficial.