Don’t Be Fooled by Low Rate Offers - The Truth

Don’t be fooled by low rate offers

I am sure we have all see postings of interest rates that are unbelievable low and yes we all want these rates!!  Every day I see these and every day I click on them to see what is actually offered. 


Today I just happen to be shopping for a great 15-year rate for a borrower and not even close to the rate that this posts offers.

I clicked on it and 5 minutes later (with my short attention span for these things), answering many questions, it directed me to multiple other lenders who I then have to do the same darn thing with and the rate quoted was not what was listed on the post, SURPRISE!


My point is don’t get sucked in to these lower than imaginable offers. Typically less than 5% of the population actually qualifies for these programs and this you will find out after much time and aggravation, providing your personal informaiton to strangers. 


My goal is to take the aggravation out of this process and as a Mortgage Broker, if I see a bank “buying the market” with low rates, I am going to investigate and potentially send my borrowers loan there if it is such a great deal and it's real.

Bottom line, trust your mortgage provider.  We do not get paid any more if you take a different loan program, take out cash or not. Doesn’t matter what your credit score is nor your loan amount.  We are paid the same on every loan we provide, period. It is in our best interest to provide you with the best possible rate, program and service possible to continue to earn your business and referrals

That is the truth.

* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.