How to get a better interest rate
How to get a better interest rate in today’s market
Want to save money on your next mortgage on your Atlanta home? This post is for YOU, friend!
With interest rates on the rise, getting the best possible rate is even MORE important than ever — especially since it'll be tagging along for the next, say, 15 or 30 years.
Remember, your interest rate depends on several things, like your credit score, the value of the Atlanta home, and your debt load. So, if you want to save by locking in the best rate (yes, please!), here are three tips you can't afford to ignore:
Improve your credit score now. Get your free credit report from AnnualCreditReport.com. Look it over for accuracy and figure out what you need to do to bump it higher, like paying down outstanding balances.
Shop around for lenders. Instead of going with the first lender you talk to, contact several and compare your options to make sure you get the best deal. And don’t be shy - let them know you’re shopping around. If you need recommendations, please do reach out to me. I have a list of local Atlanta lenders that are the best of the best.
Boost your down payment. This may be a no-brainer, but the more you put down at the time of closing, the less you’ll pay on the loan. Plus, lenders view higher down payments as less risky loans, which could reduce your interest rate.
Lowering your interest rate through a higher downpayment.
The truth is – it IS getting harder to save as rates are on the rise, but there are steps you can take today that will make a difference. DM me if you'd like to talk more — I'm happy to help however I can.
