Variables that determine YOUR interest rate.

I know lots of rates are quoted in radio, TV and online; but not all of those rates are available to everybody.  In fact, some of those rates might not be available to anybody without some add-on fees, etc.

Here are some items that will be used to calculate the rate on your purchase:

  1. Cost vs. Credit
  2. Closing costs – Borrower Paid vs. Lender Paid
  3. You can get 2% towards lender paid costs
  4. $650 to $895 fees for “origination”
  5. Buy-down (higher down payment) of the rate
  6. Your Credit Score, of course