Home Mortgage Interest Rates
Finding the right loan is much more than shopping for interest rates. In the past several years we have seen record low home finance rates, and the good news is that they are still fantastic!
Interest rates have dropped dramatically from 2007 and 2008. Now, in 2010, we have rates in the 4% range. If you have good (not perfect) credit, good income, some assets, and a down payment or home equity of at least 20%, you can get a good 30-year fixed rate loan for a rate in the high-4 percent range. And, if you are interested in an adjustable rate mortgage, rates are in the 3% range!
The interest rate we can offer you depends on a number of factors, including:
- Your credit score.
- The type of loan program you want.
- Your income and debts.
- Your assets.
- How much of a down payment or equity you have in your home.
- Whether or not you want to pay interest only or interest and principal.
We have numerous loan programs, and numerous interest rates. We do our best to find you the absolute best loan, which is personalized just for you, based on your unique information. Please call for a free personal consultation to get more information.