How to Find the Lowest Mortgage Interest Rate
Answer a few questions to find the lowest mortgage interest rate.
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3 Tips to Finding the Lowest Mortgage Interest Rate
1. Shorter Loan Term
A shorter mortgage term typically comes with a lower interest rate because monthly mortgage payments are spread over a shorter time than a longer-term mortgage.
2. Pay Discount Points
Discount points, also known as mortgage points, are fees directly paid to the lender.If you plan on owning your home for a while, the more points you pay upfront, the more you save on interest.
3. The Right Mortgage Company
Mortgage interest rates can differ depending on the lender and bank, but the right mortgage company will work with multiple lenders or banks to find you the best loan option for your needs.
Looking for help with your mortgage
Approved Mortgage is here to help make the home-buying process stress free by shopping for the best rates and finding the right program for you.
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Approved Mortgage has helped thousands of homeowners improve their credit scores and obtain approvals when they didn't think possible. We’ve simplified the process of shopping for a mortgage and finding the best home loan option for your needs. Our Mortgage Advisors are ready to help guide you along the way.
