Answers

What is the best web site I can find out the current mortgage rate?

For a quick overview of all the rates out there, go to www.bankrate.com. Check out the mortgage calculators while you are there. If you want a personalized quote via email, you can get it at lendingtree.com, but you will need to give them your address, home phone, etc.

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Answers:

helblindison - 2007-01-01 17:26:21
I am not a mortgage broker. That said, the terms of a loan start with a base and added to or subtracted based on the borrower. If the interest rate for a loan is 8.5%, it goes up or down depending on other variables like LTV, credit rating, doc or no doc, etc. The rate may go up, for example, .25% for stated income/stated assets. Or go down .25% for LTV less than 80%. Check out http://www.scotsmanguide.com/ for a resource that mortgage brokers use.

mortgage help - 2007-01-01 17:57:44
Try these lenders: Quicken Loans, Eloan, and Choice Finance. Stay away from Lending Tree.. they give your name to all the lenders who have paid to be part of their network, thus a barrage of solicitations.

Skip - 2007-01-01 18:08:35
There are several good web sites that you can visit that will give you the current mortgage rate of the day. Now how does that relate you? It simply means that you know the rate of the day which will change tomorrow up or down or perhaps it will remain the same. If you want to know what rate you are qualified for you must find yourself a mortgage broker to get qualified. Different factors will cause your individual rate to go up or down depending on your habit of paying your monthly consumer debts. Also a factor in determining your mortgage rate is your credit scores. So because you know the rate of the day does not necessiarily mean that you are qualified for that particular rate. If all you want to know is the current rate for today you will also find it in the business section of your local paper. I hope this has been of some use to you, good luck. "FIGHT ON"