Why doesn't your rate match the one you saw advertised on TV? There are a lot of elements that come together to affect the final outcome. Let's take a look at some of those factors and get a better understanding of how this machine works.
Alert: This is a game! It shows you how some factors can impact the final rate offered on a mortgage loan. You’ll see more factors here than are usually included in advertised rates. We’ll still want to discuss others later, such as your property type and whether you’re purchasing or refinancing. In the meantime, click on the cogs to adjust the numbers and see how the basics work. Then give us a call. Remember, when it comes to real rates, we don’t play around.