Fix n Flip Lending
08/27/2020
Mortgage rates hit an historic low, but the best rates are reserved for prime borrowers. So what steps can you take to secure the lowest possible rate?
🏦 CONSIDER A 15-YEAR MORTGAGE TERM
If you can afford the higher monthly payment, a shorter term can save you a bundle in interest, and you’ll pay off your home in half the time.
💳 GIVE YOUR CREDIT SCORE A BOOST
Dispute inaccuracies on your credit report and pay off other debts before applying for a loan.
💰 MAKE A LARGE DOWN PAYMENT
Many lenders offer better rates to borrowers who make a sizable down payment.
💵 PAY FOR POINTS
The investment (1% of the loan amount) can pay off over the long-term in interest savings.
🛍️ SHOP AROUND
Contact several lenders to find out which one is willing to offer you the best overall deal.
Ready to take advantage of the lowest mortgage rates in history? Check out our latest blog post! https://adobe.ly/2D5iCfJ
Then contact us to schedule a free consultation. We can answer your questions and connect you with a trusted mortgage professional in our network. And if you’re ready to start shopping for a new home, we’d love to assist you with your search—all at no cost to you!
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