Question by MP: what is the best rate for the home mortgage loan? Hi All what is the best rate for the home mortgage loan? and I am putting almost 50% down payment. One broker offered me loan at , 5% at 0 Point for 30Yr fixed. Do you think I should contact more brokers? Do you think I can get better rate if I contact more broker? Mihir Best answer for what is the best rate for the home mortgage loan?:
Answer by David Z
15 yr is 4.45% 30 year is about 5%
Answer by Henry
Go to http://www.bankrate.com/ to see what other lenders are charging.
Answer by Derick
http://loan-seeker.info/mortgage-loans/ has a bunch of info on mortage loans and mortgage information. They also have information on how to lower your mortgage payments.
Answer by rachhdik
Yeah certainly, you are liable to get more good brokers and company to offer you loan. Visit us and get more about loan and mortgages, http://www.prestiti-online.org/ The best rates are available here
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The best home mortgage rates are subject to change. At certain times, the average mortgage rates may be very high, and at other times, mortgage interest rates can be quite low. The reason for this fluctuation has to do largely with the overall state of the economy, as well as the actions of the Federal Reserve Bank, the main federal bank and economic planning commission of the federal government. For homebuyers, there can be times that are more fortuitous to buy a home when mortgage rates are low, but there are also personal factors that ultimately go into the mortgage rate your bank offers you, and no matter what the general economic climate, there are certainly things you can do to get lower mortgage lending rates.
Mortgage interest is affected first and foremost by the interest rate of the Federal Reserve Bank.
However, the average mortgage lending bank will also take into account your own financial history when you apply for a home mortgage loan. First and foremost, they will look at your credit history. Having good credit is key to getting a low interest rate on a home loan. Also, offering to pay a large down payment on your mortgage can help reduce your interest rate. Since you're paying more initially, you have less to pay back over the term of the loan, and the bank will feel more comfortable lending to you for less.
While there are macro economic trends that can have an effect on your interest rate, the best thing for homebuyers shopping for a mortgage is to compare rates from different banks. Get a lot of offers, and choose the best one available to you, and you won't have trouble managing your mortgage. Suggest Best Home Mortgage Rates Topics
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