mortgage rates

You have heard the term "if it sounds too good to be true"... Very few people qualify or even go with the "Advertised interest rate".. Once you read the small print you see why.. 780 credit scores, purchase, 20% down, 15 year loan, and you pay a bunch of points.. There should be a law against it.. But there isn't.. First of all if you're looking for a mortgage, you should be shopping for a loan officer and not an interest rate.. Find someone who has integrity and is honest, and you won't have to question whether he is giving you a good deal or not.. You will know it... No loan officer with integrity would ever advertise an interest rate.. Rates change daily and there is no way they could predict what the rate would be once you're ready to close.. The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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

And there you have it. You are spot on. The low ball rates you see advertised are just teasers. In most cases, they are not obtainable by most borrowers. Why do they do it? To get you to call or respond. In most cases the rate is a 15 day lock for a 20% down borrower with an 820 credit score. The reality is you aren't that borrower. In fact no one is. There are so many pieces to the interest rate / loan fee puzzle, that no one who needs a loan will ever got what these guys advertize. There is always a catch that prevents you from qualifying for it. There is an old saying in marketing. Price, speed, quality. You can only have two... Choose wisely. Those that give the best service and have the mechanisms in place to speed your transaction along, can't do if for bargain basement prices, yet many of us are very close to the bottom in fees and rates, yet still have excellent service and turn times. If all you want is the absolute lowest price, you will likely get burned in the service or speed areas. Look for a seasoned professional in your area and then compare deals. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

STOP CHASING RATES ONLINE! Realistically, all lenders underwrite to the same guidelines, have the same closing costs, and get the same rates based on the same bond market everyday. The general belief that you can get something significantly different is completely false. With that said, a realistic rate difference on a standard 30-yr fixed between the worth and the best on any given day will be about 0.25%. A better option would be to simply start working with a local NON BANK licensed loan officer. There is NOTHING you can get from some unknown out-state lender than you can't get down the street. Those rates are simply designed to capture your attention. Want to see real rates and real costs in MN or WI? Visit www.MinnesotaBestRates.com

We do not advertise on line, but what rate are you looking for and we can see if we can meet or beat it for you. This of course assumes that your credit is good and that you qualify for the mortgage. Give me a call..Joyce..301 915 5644

thats just to get the phone to ring why are you looking online for rates?? its like when they advertise a car that is too good to be true on the price, and you hurry down to the dealership , and amazing they just sold it right before you came in!!!rates are about the same where you go nowadays, its now just the part of the loan officer and the company that you need to decide, and after about 25 yrs in this industry, i have seen every change made to this industry.. I do loans in MARYLAND , nice place, and if you are close to JOHN Hopkins i have realtives that are doctors there... linda yourloanpartnerforlife@live.com

You have received some great answers here. If it sounds to good to be true it usually is. Good luck!