How to Find the Best Mortgage Rates Today
Commentary: Finding the Best Mortgage Rates Today is so important to long term health of your wealth. With your home being one of your largest debts, it is so important to capture the lowest rate in the market.
In this article, we highlight the average numerical savings captured and how and where to find the best mortgage rates in today's marketplace.
To find the best mortgage rates today, use a multi-lender digital mortgage marketplace.
With your home being one of your largest investments, and the mortgage being one of your largest debts, it is of dire importance to identify and capture the lowest best mortgage rates for your purchasing of a home or refinance.
The majority of all consumers fail to capture the lowest interest rate in market, and the financial loss of not getting the best mortgage loan cost them approximately $ 32,000.00 on average every time they refinance or purchase a home.
Why is finding the best mortgage rates so important?
As mentioned above, a lot of money is being left on the table for the banks profit. This is money that adds back to your net worth, that you capture from day one. On average it is about $32,000.00 you capture, as an increase to your net worth each time you mortgage.
This video will explain How to get the lowest rate and why it matters.
What is a multi-lender digital mortgage marketplace and how does it work?
A multi-lender digital mortgage marketplace is a web based, simple to use online consumer access point that allows them to submit one inquiry to identify real interest rates and lender offers from the nations best mortgage lenders at wholesale interest rate loan offers.
The system will return the lowest competitive rates loans and lowest annual percentage rate loans at the top of the list. This only takes 3-5 minutes maximum to see immediate real results. The good news is, there is no required credit report request needed.
What information will I see after submitting the loan request for finding best mortgage rates?
The returned results will show summary reports for closing cost, payment amount, life of loan savings, loan amount, loan term, total monthly mortgage payment, type of mortgage for each home loan shown.
Who will actually close my loan choice when I use this multi-lender digital mortgage marketplace?
EquiFund mortgage will complete the entire process from origination to closing and funding with the lowest interest rate mortgage lender you select.
We do not sell or share your information with any third party. Most all other websites that promise to provide real-time results that simple capture your information and sell your data without providing any real valid data.
Equifund's digital mortgage marketplace deliver real immediate results and fulfill your best mortgage rate loan request through funding.
How can I be sure I will get the best mortgage rates today, when I use this digital mortgage market place?
EquiFund Mortgage gets paid the same amount from each lender; therefore, we are 100% non-bias. Through our non bias relationship lending, and power of automation we are able to offer the lowest interest rate lowest fee guarantee.
It is our sole goal to deliver the lowest interest rate mortgage loan in the market. Our automation, which is more reliable then humans, instantly matches your profile to the lowest and best mortgage rates every time.
Is EquiFund's digital mortgage marketplace like LendingTree?
No, not all. LendingTree is not a mortgage lender. They do not originate, close or fund loan request. You can see our LendingTree comparison of competitors here.
LendingTree and most all other mortgage marketing sites simply capture the most basic information, which returns very vague, and in most cases, unrealistic interest rates.
Then they sell your information to too many bias mortgage lenders and mortgage brokers.
A lot of the consumers who have used LendingTree complain about all the non stop phone calls and emails with no solutions.
What type of loan programs are available on Equifund's digital mortgage marketplace?
This simple service, will run all loan request if you want to buy a home, or refinance a home for cash out (access the equity in your home) maybe to pay off credit cards and or student loans. The automation includes FHA, VA, USRDA, Conventional and Jumbo mortgage loans.
It will also process no cash out refinance where you may simply want to lower the interest rate. It basically performs like a mortgage calculator that returns real results for both fixed interest rates and adjustable rate mortgage arms.
What is the minimum credit score required to identify the best mortgage rates?
In general, if you have a 580 credit score there are plenty of mortgage loan programs available.
A good rule of thumb is below 620, most loan approvals will be from Federal Housing Administration, Veterans Administration or USRDA.
Any score above 620 will provide approvals for all the above and conventional and Jumbo mortgage loans.
However, in many cases, if your credit score is 550 or better, we have some manual underwriting programs that you may qualify for. You will have to call directly as manual underwriting requires no automation.
In closing, the fact that you searched for how to find the best mortgage rates, is enlightening to us. We encourage all consumers to match their loan request to to the lowest rate loan offer in market. Remember, no two mortgage lenders are the same and the math really matters.
Mortgage lending is a very bias marketplace. We have positioned ourselves in an unbiased position to help guide you to the winning loan programs that capture wealth for you.
