Online Rate Quote
Interest Rates change daily and even hourly and are subject to many global economic influences.
When a rate that is quoted by electronic app or from an advertised online site such as bankrate.com, does not match the final rate offered to the borrower (by any lender) it is often blamed because of market fluctuations (*Rates are subject to change). While this is often true, it is only part of the story…
The greatest fluctuation in rate and price of this rate is often not because of Market conditions, but a result of borrower qualification.
As an example, even the most highly qualified borrower can pay $2,500 or more in closing cost for the same rate on a $500,000 mortgage, because of a one-point different in their FICO score: (724 vs. 725 middle FICO) by only one of their three reported credit scores by the credit bureaus.
At OPTIOfinancing, it is our mission to fully audit your qualification to get you the best payment possible, which meets your long-term goals. To learn more about the mortgage processes and lending secrets your last Lender may not have told you, click here.
For a Free anonymous quote, please complete the form below. There is no need to pull your credit. The more information you provide, the more accurate the quote.
If you would like one of our experience, licensed Trusted Mortgage Advisors (an OPTIO) quote you by phone feel free to give us a call as well: click to call.