A and N’s Home Buyer Tips: Interest Rate Shopping
Tips for Serious Mortgage Shoppers
- Get Educated Borrowers should know terminology and mortgage basics before they shop.
- Know Your Credit Score Addressing any issues on your credit report prior to applying for a loan will allow you to take advantage of more desirable mortgage rates and products.
- Shop Your Product Options Though conventional loans are typically the most desirable, an mortgage insured by the Federal Housing Administration (FHA) may be more feasible.
- Know The Market Trends Mortgage rates adjust daily. If you find a low rate on a loan you like, consider getting a rate lock.