Timeless Thoughts on Interest Rates
Let's see if I can write down some timeless thoughts on interest rates here. That's an oxymoron: Interest Rates & Thoughts that Don't Change with Time.
Here's the timeless thoughts and guarantee I can make from the start. I will always (I said it!) be able to offer some of the best interest rates available on the secondary market to homebuyers and homeowners because I'm originating and brokering these mortgages out for your loan closing.
But these rates are constantly changing, and you can't predict what is going to happen in the future with interest rates. I have the freedom to originate a competitive loan for you because I work at Pathway Mortgage, a compact company with little overhead.
When you (the consumer) are buying or financing your home, what you want and need is the best rates available at that time. Sure, the trick is timing when you buy and refinance, yes... But having the relationship to the broker who is consistent in service and rates will allow you to make your decision when you need, with confidence.
I direct people to a reliable source of relevant information here at MortgageNewsDaily.com. They post average mortgage rates for several types of loans to quickly and surely help you calculate loan payments. Then you can find a mortgage calculator to crunch numbers yourself and without all the ads and junk emails: https://www.pathwaymortgage.org/MortgageCalculators
Use this to compare monthly payments at different prices
Or different down payment amounts
Or consider how much a rate buydown will affect your payment and costs
Hopefully now you see a little picture of why your mortgage lender matters when choosing the loan estimate. Competitive rates are an important factor, and so is the transparent conversation to make sure you have the loan you are comfortable with and need. But, don't focus on only the numbers... choose your mortgage lender by the trusted reputation for a smooth process throughout the entirety of your home closing and with someone who cares about your experience.
Finally, if you've read this far... You're doing your homework! Love it! Have you discussed with your financial advisor and trusted realtor about your plans to buy? If you haven't been connected yet, I'm happy to connect you to a friend and trusted colleague in this major life decision!
