Are you searching for the best mortgage rates in NC? If so, AmeriSouth Mortgage Company would like to provide you with a few tips about how you can get yourself the lowest possible rates as you shop around. We think you'll be pleasantly surprised at how much you can control. So how do you make sure that you get the best deal on mortgage rates? First, you need to understand the numbers.
Understand Which Numbers You Control
When you get a worksheet (or a loan estimate), 95% of the estimated costs are not controlled by the lenders. The first thing to understand is that it really doesn't matter what your bank or lender shows you as your Cash to Close because these are just best estimates. There's a lot of pressure on most banks, mortgage brokers, and lenders to estimate those costs as low as possible.
One of the things that matter most when selecting a lender is the interest rate and the lender fees when you're evaluating the cost. What are lender fees? Lender fees include processing fees, admin fees, underwriting fees, and more. These fees are typically listed at the top of your loan estimate. These fees are unavoidable and will add to your Cash to Close. Fortunately, at AmeriSouth Mortgage Company, we are sometimes (although not always) able to waive some of these fees.
How Do You Get the Best Interest Rate
The best thing you can do is to learn what mortgage rates are. This way, you'll be able to tell if what you're being told makes sense. For example, if you were researching a new Toyota 4 Runner online, you'd quickly get a general idea of how much they cost. Then, if you saw one advertised for $10,000 less than the going rate, you would wonder what the catch is. The same principle applies to mortgage rates! To get the best interest rate, you need to know what the current standard interest rates are, and you want to look at the whole loan, including the terms and other costs. At AmeriSouth, we can help you get a rate under what the market is and pay less in fees. This way, you know you're getting a great deal on your mortgage.
Work with Someone Who Can Get You Closed!
Don't look at the company! Look at the person you're working with. Your individual loan officer is the one who will dictate how the process goes for you. With Google, you can research the name of your loan officer, not just the name of the company that employs them. See what people are seeing about the person. The good thing about researching online is that there's nowhere for bad lenders to hide. If they're doing a bad job, people are going to talk. Satisfied customers don't always leave reviews, but unhappy customers almost always leave reviews! Your loan officer is the one who is going to dictate your costs and interest rate and be sure that you close on time as promised. Call AmeriSouth Mortgage Company to learn more about mortgage rates in NC.Mortgage Rates Nc