I am looking to buy a house in a couple of months and wanted to find out , theoretically what is the lowest morgate rate one can receive and from who ?What is the most realistic best Mortgage Rate you can receive now?
I have recently been getting my some of my clients around a 5.875% 30 year fixed interest rate, but it all depends on their situations. I am a national mortgage broker, working with about 150 lenders on the wholesale side, but you may be able to find one locally that would be able to get you similar interest rates if you feel more comfortable working locally.
But in order to give you a more accurate quote, I would need more information. How much do you make? How much is the home you are looking to buy? What does your credit look like? Do you have 12 months of rental history? of work history? How much are you putting down on the home? These are a few of the questions that I would need the answer to.
If you have more questions, or would like some more information, email me or check out our website.
Baconshmals@yahoo.com
http://aapexfund.comWhat is the most realistic best Mortgage Rate you can receive now?
Ours is 6.5% with less-than-perfect credit, and a good amount of debt. I didn't think that was too bad considering...
With really good credit your probably looking at 5.5, anything less is unrealistic because of the recent rate increase. Now if you have low DTI and get a low LTV its possible with an ARM to get lower but not likely unless you buy down the rate. Remember that an ARM will go up over time though. Mortgage Consultant.
no one has magic money with lower rates than anyone else. check out bankrate.com to gauge your fixed and ARM rates. Just about ANYWHERE you go will be able to offer those rates. Go with someone your family or friends highly recommend and trust.
Just signed a renewal -5yr @ 5.05%.
a good rate would be 6.0 to 6.5%. anything less than that is great. it really depends on your credit score. shop around because different companies will offer you different rates.
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