What Can You Do To Lower Your Mortgage Rates

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What can you do to lower your rates? That’s one question that’s on everyone’s mind when they are looking for a home loan. One move you can do is shop around for a lender and see who offers you a better rate, but what happens when you hit the bottle neck and the rates you are being offered levels out? Is there anything you can do to lower your rates further? The first thing you can do is to lower your rate is to reduce your loan to value by borrowing less money. This way, the investor views the loan as less of a risk and will reduce your rate. It is ideal to keep the LTV under 60%. Improving your credit score will also improve your rates. The credit score is a key factor in determining your rate and it could be beneficial to hold off on loan and improve your credit score. If your rates are not what you would like them to be, the best thing you can do is talk to your loan officer. They will work with you and help you and advise you on what you can do to improve your standing, getting you the best rates possible.

California Mortgage Rates


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