Do This for a Better Interest Rates

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Do This for a Better
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An interest rate rise is an all-too-familiar
occurrence for many American homeowners, and is
probably one of the most unwelcome snippets of
news you can receive.
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Shop Around 
Consider at least three loan providers before
making a final decision and avoid being sucked in
to a deal without considering the repercussions. 
Be sure to check for any hidden fees like break
of contract, early exit, transfer of mortgage,
etc.
Do some research online or head to your local
bank branch to see what they have to offer.
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See a Mortgage Broker 
A mortgage broker has agreements with a specific
list of lenders and can have the first choice of
new products, services, and interest rate
preferences for continued business. 
Theyre more likely to find something that suits
your needs rather than just outright selling you
a product, so you have a better chance of a
better deal.
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Utilize Buying Power 
If youve got multiple loans with one lender,
make a point of highlighting the amount of
business you have and see if theyre willing to
come to the table with a better deal.
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Dont be Afraid to Ask 
Most of the time, a teller or mortgage consultant
will be willing to discuss ways to keep your
business with them, so you can quite often
receive a better interest rate, especially if you
come in with some prior research on comparison
rates.
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Remember, nothing in life is permanent, so dont
be afraid to explore your options and shop around
for an interest rate that can potentially save
you big money over the life of a loan. As always,
be sure to consult a professional before signing
up for a deal, just to be sure youve got all
your bases covered.
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CONTACT US

• Michael Putnam
• http//michaelputnam.com
•  ADDRESS
• 12700 Fair Lakes Cir 120Fairfax, VA,
  22033Keller Williams Fairfax Gateway
•  
• PHONE
•  703-928-6514
• EMAIL
• info_at_michaelputnam.com