Before shopping for a mortgage, it's crucial to understand the factors influencing interest rates, such as credit score, loan-to-value ratio, and economic conditions.
A higher credit score indicates you’re a low-risk borrower, which can secure you a lower mortgage rate, potentially saving you tens of thousands over time.
To improve your chances for a better mortgage rate, consider making a larger down payment to achieve a lower loan-to-value ratio.
Economic conditions, including inflation and employment rates, play a significant role in determining mortgage rates, influencing your home-buying decisions.
Collection
[
|
...
]