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How to Get Approved For The Lowest Mortgage Rate Possible | Interest Rates Today

It’s no secret rates have been rising, and if you’re thinking about buying you may be scared to make the move. So here are 4 things you can focus on today to help you get approved for the lowest rate possible.

Hi everyone, this is Kathleen Pogany, I’m a Realtor in Vero Beach, FL with The Reynolds Team of Compass. If you haven’t done so already, please subscribe and like this video, we post weekly videos on the treasure coast for all of you who have recently moved here. 

  1. Of course, Your Credit Score

Credit scores play a big role in your mortgage rate, it’s important to maintain a good credit score.

  1. Your Loan Type

There are many types of loans, each offering different terms for qualified buyers. 

  1. Your Loan Term

Another factor to consider is the term of your loan. Depending on your situation, the length of your loan can also change your mortgage rate.

  1. Your Down Payment

If you’re a current homeowner looking to sell and make a move, you can use the home equity you’ve built over time toward the down payment on your next home. That will decrease your loan amount drastically and can help you qualify for a lower rate. 

To learn more, you can contact me today. I can help you navigate the home buying process, put you in contact with our in house trusted lender, and help you create a game plan towards home ownership. Thank you so much, and again don’t forget to subscribe for new videos every week!

A professional realtor may also be able to help you negotiate a seller concession in which they can offer money towards buying down your interest rate. 

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