lender interest rates

Each lender will have varying rates and overlays (terms specific to the individual lender) and if you visit a local mortgage broker he/she can give you different quotes from a number of sources. If you use a bank you will be given one rate, theirs, and that's where a mortgage broker offers a distinct advantage. Rates really arent negotiable though to answer your question but the better qualified you are by credit score, DTI ratio, income, etc. the more options you will have.

Negotiating an interest rate is not like negotiating for a car.. In most cases, the entire quote is one.. Meaning the rate corresponds to the fee's being charged.. Lower rate, higher fees can be the same as higher rate, lower fees.. And anywhere in between... for that reason, I always tell my prospective clients.. Shop for a loan officer not an interest rate.. Once you find someone you can trust, you will have faith that he can give you a fair deal, and great service.. Notice I didn't say best deal.. sometimes the guy offering the absolute lowest deal out there has the worst service, and the amount of aggravation vs. an 1/8 of a point lower is just not worth it... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

The general public has no clue how rates really work. Generally speaking, all lenders are going to underwrite to the same rules, and have the same third party fees (appraisal, title, credit report, underwriting, etc). All lenders get their money from the same basic sources, and all price based on the same bond market. With that said, lenders can quote differently based on any combination of interest rate and closing cost the customer desires. The best way to shop, is to simply tell each lender what you want for a rate, and let them quote their costs - or alternatively, tell them the costs you want, and let them quote you a rate.

It really depends on whether you are going to a bank or broker. Banks usually stick to their pricing and the only way to get the rate down is to pay fees. Brokers have the ability to shop around a find a bank that will provide you with a better rate. However, it is always good to shop around and see who can provide you the best rate and terms. I would love to take a look at your scenario and give you a quote. You can email me at kakpabla@warshawcapital.com

I am located in Tonawanda and would be happy to provide a no cost, no obligation mortgage rate/fee quote. Feel free to contact me through my profile or at chris@myqcfunding.com

There are lots of options regarding pricing a loan. I would suggest you ask the lender to explain how APR and interest rates work.

It is always a good idea to shop around. Check with your local community banks and local mortgage brokers. Make sure to get a good faith estimate and compare the costs associated with the rate. Depending on how long you want to stay in your home compare a no-cost option over a loan with upfront fees.