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Long-Term US Mortgage Rates Hit 3.92%, Here’s How We Can Help

If you own a home or are considering purchasing one, now is a good time to lock in a cheap rate. Rates on mortgages have been rising recently, but don't worry u2014 we're here to help! Whether you're searching for a long-term loan or a quick fix, our mortgage lenders Los Angeles can help you navigate the mortgage process. We'll work with you to determine the best rate and terms for your situation.<br>read more: https://pierpointmortgage.com/long-term-us-mortgage-rates-hit-3-92/

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Long-Term US Mortgage Rates Hit 3.92%, Here’s How We Can Help

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  1. LONG-TERM US MORTGAGE RATES HIT 3.92%, HERE’S HOW WE CAN HELP Mortgage rates are still fluctuating and have dropped to new highs this week. According to Freddie Mac’s Primary Mortgage Market Survey, long-term US mortgage rates hit 3.92% recently

  2. If you own a home or are considering purchasing one, now is a good time to lock in a cheap rate. Rates on mortgages have been rising recently, but don't worry — we're here to help! Whether you're searching for a long-term loan or a quick fix, our mortgage lenders can help you navigate the mortgage process. We'll work with you to determine the best rate and terms for your situation.

  3. HERE ARE A FEW SMART TIPS ON HOW YOU CAN GET THE BEST DEAL ON YOUR HOME LOAN: Do some research Apply for a 15-year loan Enhance your credit score

  4. It’s best if your debt-to-income ratio is as low as possible If the circumstances are right, consider an ARM

  5. Enhance your credit score If your credit score is strong, mortgage lenders are more likely to offer you a low-interest rate on a house loan. Aiming for a credit score in the mid-700s or higher is a smart idea. If you haven't already, start by paying any incoming invoices on time, as this will improve your payment history. Also, if at all possible, pay off some of your existing credit card debt. This will reduce your credit utilisation ratio, which is an important factor in your credit score. Apply for a 15-year loan The shorter the period of your mortgage, the lower the interest rate. Many consumers are afraid to take up 15-year loans because the monthly payments are higher. If you can fit a larger payment into your budget, you'll save money on interest not only monthly, but over the life of the loan.

  6. It’s best if your debt-to-income ratio is as low as possible Mortgage lenders Los Angeles, when evaluating mortgage applications, look at your "debt-to-income (DTI) ratio." DTI compares your monthly wage to all of your responsibilities. Lenders use your debt-to-income ratio to determine whether you can afford your monthly mortgage payment. Do some research The more lenders you contact during the mortgage application process, the better your chances of securing a low-interest rate on your loan. You’ll be able to compare the rates you’re eligible for and find the best bargain once you’ve received many offers. You lock in your interest rate for a fixed amount of time with an adjustable-rate mortgage, or ARM, and then it might rise. Clearly, there are drawbacks to this approach, one of which is that your rate will climb. If the circumstances are right, consider an ARM

  7. Contact PierPoint Mortgage and Save Thousands on Your Mortgage! frontdesk@pierpointmortgage.com www.pierpointmortgage.com (844)-241-7720

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