First time home buyers Mortgage?
Sunday, May 23rd, 2010 at
3:19 am
What is the best rate that 1st time buyers can get with 30 year mortgage? Since I am very new at this, I want to get an idea and I don’t want to get ripped off on the rates!
Tagged with: 1st time buyers • first time home buyer • mortgage • year mortgage
Filed under: First Time Home Mortgage
Interest rates change daily. You should get 3 lender names from the realtor you are working with and contact each of them ON THE SAME DAY, with your credit score/income and a copy of your credit report. Get a quote from ALL OF THEM ON THE SAME DAY FOR A 30 day LOCKED RATE with zero points. Ask for a WRITTEN "Good Faith Estimate". Have your agent help you compare them and make a choice. In our current environment you should be asking for an FHA loan.