Monthly Archives: September 2011

Get a Great Home With a Great Low Mortgage


You may be ready and eager to buy a home , but you may not be aware or sure whether you are qualified to avail a low mortgage rates, which are often flashed in real estate ads.

Low rates of interest for the mortgage of a house at relatively low prices, is an attractive one and a favorable time to buy. There are some tips given by the mortgage experts to take the best shot at a very low interest rate.

1. Improve your Credit: The credit score of a person determines the mortgage rates. The higher credit score yields better mortgage rates.

2. Decrease you liabilities: Liabilities impact the rates of the mortgage loans. The lenders worry about car loan payments, school loans, credit card payments etc. So it is good to low the debt-to income ratio and be in a smart financial situation, borrow only what can be afford by you.

3. Put more money for down payment to get the best mortgage rates. This will reduce the lender’s risk.

4. Confirm your Stability in Job: With suitable records reveal your promotion, rise in salaries, work with the same company or either in the same industry and submit those documentations.