One of the most important things you can do when buying a new home is to sit down and compare interest rates.
When you see mortgage interest rates listed on lender websites they are just estimates or quotes and will vary based on your unique situation.
For that reason, we do not post interest rates online. We have found it can often be misleading and confusing for our clients.
At Churchill Mortgage, we want you to get the Smarter Mortgage. It’s easy to get trapped into a mortgage that just doesn’t make sense for you. Getting the Smarter Mortgage plan keeps you engaged through the home buying (or refinancing) process and provides tools to better facilitate financial decision before and after your loan closes.
The result allows you to choose the right mortgage for your situation with guidance from a Home Loan Specialist, and helps you build wealth over time.
Interest rates are based on the bond market (mortgage-backed securities) and are typically standard across the industry. So, going with a ‘low-rate lender’ is a bit of a misnomer since rates don’t really fluctuate that much across lenders.
On any given day, there are a variety of factors that can impact your specific interest rate:
What are interest and mortgage rates, and why are they important?How Rates Are Determined
While interest rates and annual percentage rates are related, they are not the same, but you will see both listed for mortgages.
See how lowering your interest rate can help you save money on interest!Refinance Calculator
A Churchill Home Loan Specialist will empower you to make the best decision for you and your family. In our Home Buyer Strategy Meeting we talk about your short- and long-term financial goals, how to get the best interest rate for your situation, and establish a baseline for how much house you can afford.
If you’re not quite ready to talk to a Home Loan Specialist, here’s a few ways you can improve your interest rate:
Find out how to cut thorugh the bull of loan quotes with this free ebook.Get Your Free Guide