Marketing October 1, 2015

What you need to know about Lending Rates

One of the things that buyers find the most confusing is how to get a loan to purchase their home, and how the mortgage percentage rate is calculated from lending firm to lending firm.  For those who don't speak "mortgage-rate-ese" those forms can be like trying to decipher and understand a foreign or alien language!  


While your loan officer can, and should be able to explain many of these strange sounding terms, it's never a bad idea to have a basic understanding of the process yourself, before you even start calling around for rates.  Some institutions are more reputable and fair in their lending rates than others, so it's a good idea to check with those who've been through the process, as well as checking for feedback online about them, as to their opinions and experiences. 


For any other questions you may have about buying or selling a home, please don't hesitate to give me a call.