Mortgage Rates and the Insider Update!

St. Louis home buyers can stay up to date and informed on everything mortgage related when they have Sean Z by their side.

Get all of the latest St. Louis housing information right here and let our team of mortgage pro’s help you to understand your options.

When starting the mortgage loan process, you are going to hear a lot of words and terms thrown around that may seem confusing. We don’t want you to feel that way. Our team’s goal is to make sure you are informed throughout it all and that together we get you the loan best suited for your needs with the best possible rates.

The question on every home buyers mind is how do I get a low mortgage rate?

Sean Z’s Team study current interest trends daily to keep abreast of not just what is happening now, but what may be happening 6 months from now. Our mission is to get you locked into the best mortgage rate available for the mortgage loan that is right for your needs. We will guide you through the process and give you tips on the steps that you need to take in order to lock in at the lowest possible interest rate.

Why Do Interest Rates Change?

Interest rates can change overnight. Sean Z keeps a sharp on those rates and changes and uses that information to your advantage.

One driving force in interest rate fluctuations is the Federal Reserve. It is their job to try and control inflation by manipulating the flow of money into the economy. They do this by selling a select amount of Treasury bonds on the open market, thus forcing cash into the economy. With more money out there floating around, banks are able to decrease interest rates, while St. Louis residents gain more buying power with their dollar. We stay very well informed to anticipate fluctuation in interest rates by researching and monitoring several key economic indicators.

How is the Interest Rate Applied to My Mortgage Payment?

Before you even attend your first open house, Sean Z’s TBD Mortgage Approval Program will let you know how much house you can afford. Once you know how much of a loan you have been approved for, you can get an accurate idea of how much your monthly payments are going to be. We can provide amortization tables to help you understand the impact of your mortgage terms and what percentage of your mortgage payment will be applied to tax deductible interest or principal.

Sean Z can show you exactly how the formula works, and with your pre-approved loan, will be able to tell you how much money your mortgage bill will be each month.

What Can I Do to Secure a Better Mortgage Rate?

The absolute best way to secure a good mortgage rate is with Sean Z. With expert knowledge on all things mortgage related he and his team are able to find the perfect loan program for you with the lowest possible mortgage rate.

The less risky you look on paper, the lower the mortgage rate.

There are a few things you can do that will help lower points on your interest rate.

• Cleaning up your credit is one of them.
• How much debt you have is a key factor in determining not just the amount of the loan, but also the interest rate. Try consolidating debt if you have outstanding balances on multiple credit cards and be sure you are making timely payments on them.
• Secure cash for a down payment. The more you are able to put down on a home, the lower your mortgage rate will be. Interest rates are all about securing risks. If you have a personal investment in the property up front, the risk is lower.

Consult a reputable lender with a proven track record of success like the Sean Z Team at USA Mortgage. As approved lenders for Fannie Mae, Freddie Mac and HUD endorsed loans we can secure you a competitive rate that other lenders may not even be able to match.

A St. Louis home buyer has no need to look any further then Sean Z when it is time to secure a mortgage. As a team, we will be by your side from the very beginning of your home purchase journey to ensure that at the end you have the keys to your dream house and a mortgage payment that you can live with.