How to find low mortgage interest rates

Looking for the lowest mortgage interest rates? Then, the tips below are for you.

07:56 15 August 2013

• Find a reputable mortgage lender. The first step is to find a mortgage lender in your area that enjoys great reputation.

Ask several people who have worked with them in the past and know their experience with the company. This will allow you to get an idea on what you can expect should you decide to work with the same mortgage lender.

• Verify information you see on adverts. Ask if the rate advertised is for real and if not find out more information.

 

• Ask about total closing costs. Different lenders charge different rates for closing costs.

 

• Be eligible for the best deals. You are more likely to be offered the best mortgage deals if you have great credit history and if you are willing to pay more than say 20per cent down payment.