Lower Your Mortgage Payment

When it comes to mortgages, the goal of almost every home owner is to find one that has the lowest interest rate available. Well stop your search because Nations Choice Mortgage has been named by the Wall Street Journal as the lending mortgage lender with the most competitive interest rate.

Benefits of lowering your mortgage interest rate:

  • Lower Monthly Mortgage Payments Monthly mortgage payments can eat up a large chunk of the family budget and if you are able to find ways to lower your mortgage payments, it gives you some extra money to spend on other important things like education, health, repair work and much more.
  • Lower Percentage Points Any slight lowering of percentage points off the mortgage interest rate can have a big impact on the reduction of the total interest expense that will be spent for the home.
  • Paying Off the Loan Sooner A way for you to benefit from low interest rate is by refinancing your loan to a 15-year mortgage. A 15-year mortgage comes with a lower interest rate and you can save money by paying off the mortgage sooner.
  • Locked Low Rate If you are able to find a low interest rate mortgage and lock it by making it a fixed mortgage, you remain immune from rises in interest rates which may mean increased payments for your home.

Every home owner would love to have the chance to get a lower mortgage interest rate simply because it will result in substantial savings over the life of the loan. There are many ways you can go about making a lower interest rate possible.

  • Always be aware of your credit score - Good credit is the best way for getting a mortgage with the most competitive interest rate available. Any lender would love to have borrowers who have the reputation of paying their debts on time. If you have been very prompt with all your other payments, mortgage lenders know you will also be prompt in paying them back.
  • Lock in the interest rate before the close - Once you have qualified for the best possible interest rate available, ask your lender when it is best to lock in the rate. This is important because rates can fluctuate daily and by the time you get the loan, the interest rate may have lowered. A Nations Choice Mortgage refinance specialist will be able to help you manage when to lock in your new low rate.
  • Pay the largest down payment that you can manage - Making a down payment from your savings helps lower the amount of the loan that you need to get financed which also lowers the interest that will need to be paid over the life of the mortgage loan.

How to Lower Your Mortgage Payment:

If you are looking to lower you mortgage payment, Nations Choice Mortgage can help you begin the process of refinancing your existing loan. Nations Choice Mortgage has a well-trained team of mortgage specialists that are always available to help you make the best decision with your mortgage-related needs. We understand that choosing the right type of mortgage is a big decision and we are always here to help you make an informed choice.

To begin applying for mortgage, all you need to do is search rates and you will receive a personalized interest rate quote. You can then choose the type of loan and interest rate which fits your needs. Your mortgage application can also be completed online using our advanced online mortgage application. If you have questions anytime during the online application process, feel free to contact us and we will provide you with all the information you need.

Instant Mortgage Rate Help

Loan Amount: How much do you want to borrow? Example: 150,000 (You can borrow up to 100% of the purchase price of your home. You will find better interest rates at 95%, 90%, and 80% progressively.)

Property Value: This is the purchase price of your property or your best estimate of the appraised value of the property. Example: 175,000.

Loan Type: Selecting Refinance WITH CASH OUT may increase your rate. If you want some extra cash to pay the closing costs on your new loan, this would NOT be considered receiving extra cash.

Escrow/Impounds: Allows you to pay 1/12 of your annual property taxes and homeowners insurance with your mortgage payment each month. Escrowing your taxes and insurance will lower your points by .25%

Property State: Specify the State where the property is located

Property County: Specify the County where the property is located


Todays Rates: These rates are based on the following criteria..

Instant Mortgage Rates:


Loan Amount
Property Value
Loan Type
Loan Purpose  
Property Type
State
City
Zip
 

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