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Get The Lowest Mortgage Rates

The more you invest in your down payment, the cheaper your mortgage will be. And because you're borrowing less, your lender is likely to offer you a lower interest rate.

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Get The Lowest Mortgage Rates

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  1. Get The Lowest Mortgage Rates Your mortgage Roseville interest rates are affected by the stock and bond markets, the Federal Reserve, and other factors beyond your control. Unfortunately, that's how it is. But the good news is that there are key factors you can have more control over

  2. Improve your credit score One of the first things a lender will do is check your credit history. Your credit score is a three-digit number between 300 and 850: the better your credit score, the lower your mortgage rate.

  3. Reduce your Debt to Income Ratio The lender must ensure that you can pay all of your bills and that you are in a good financial position to take on additional debt. Your debt-to-income ratio (DTI) helps you determine whether your income is sufficient to pay off recurring debt.

  4. Build your earnings history Lenders require proof of steady employment and making sure that you get enough money to pay off the mortgage over time. The more stable your professional history, the more trust the lender has in you as a borrower. Lenders usually accept payslips as proof. Some lenders can automatically verify your income online.

  5. Shop some mortgage lenders Are you going to buy the first pair of sneakers you pick up or the jeans you try on? Given how expensive it is to buy a home, you should compare offers from different lenders and focus on their mortgage rates. Of course, you shouldn't just focus on mortgage interest rates. You should also read the fine print on fees, points, tax credits and penalties.

  6. Contact Us (916) 949-9637 tobias@tobiasmortgage.com https://tobiasmortgage.com/ 110 Gateway Dr #130 Lincoln, CA 95648

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