The question on every home buyers mind is, how do I get a low mortgage rate?
First of all, St. Louis home buyers can stay up-to-date and informed on everything mortgage related when they have Sean Z by their side. We study current interest trends daily to keep abreast of not just what is happening now, but what may be happening 6 months from now.
Mortgage Rate Shopping
It seems like an easy task: simply compare rates and pick the lowest one. But after you begin the process, you discover that comparing lenders is a difficult task. Some lenders are not properly trained and will give you either the wrong information or not enough.
When comparing what the different brokers and lenders are charging, make sure you’re comparing the rates on the same day. Why? Well, rates change from day to day based on the bond market. The bond market changes daily and sometimes more than once in the same day.
Another challenge, different lenders seem to have their own way of expressing the costs. So, make sure you compare the total costs to get the loan. Get the grand total of all the costs and then compare the interest rates.
The Sean Z Team 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.
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:
- Clean up your credit.
- 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.
Contact a Reputable Lender
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.
Call us today at (314) 361-9979, or fill out our online contact form, to 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.