How to get lower initial interest rates when buying home?
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hamlen
Apprentice
Joined: 22 Nov 2006
Posts: 4
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 Posted: 04/21/08 - 04:40 Post subject: |
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| Good evening everybody. My name is Andrew and I would like to ask you something about house purchase. I would like to get a mortgage in order to buy a new house for my family. What I would like to know is: How to get lower initial interest rates when buying home? Thank you in advance. |
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dannel
Apprentice
Joined: 04 Jul 2004
Posts: 6
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| Posted: 05/21/08 - 00:20 Post subject: |
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| Hi there Andrew. Well, it is so hard to find the right mortgage deal. But the good thing is that the competition is harsh which makes interest rates lower. You can get a low interest rate if you have a good credit rating. It will enable you to get a good deal. I would also suggest you to look for adjustable rate mortgage because they are cheaper and can come with lower initial interest rate. Have in mind that they can increase, however. Well, that is all I can tell you. I hope that you will find a good mortgage deal. Take care! |
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