Lori's Mortgage Minute V.4
How do I find a low mortgage interest rate? Finding the right mortgage deal for you isn't only about finding the lowest interest rate. Mortgage companies charge fees too.
The best deal involves finding the right combination of low-interest rates and low fees for you, and knowing how to compare offers so you can choose the right one for your situation. Finding a low mortgage rate might also involve finding the right loan term for you. There are dramatic differences in rates when comparing 30, 20 or 15 year loan terms.
This is one of the reasons why I try not to quote certain interest rates in these articles. Your financial situation might allow you to have a better interest rate than what the average is, and interest rates are always changing (daily) and often can go down for periods of time.
If you are thinking about refinancing your current home, or purchasing a new home or investment property this year, and want to ensure you are getting the lowest interest rate, AND the lowest fees, please reach out to me at 503-577-5998!