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Mortgage Rates
Mortgage rates change continually, sometimes several times a day. Contrary to popular belief, mortgage rates are not tied to the 30-year bond or the 10-year note, They are tied directly to the MBS (Mortgage Backed Securities) Market.
There are many options and variables that will change mortgage rates that clients are able to obtain. Some examples include:
- Loan to value (LTV)
- Loan amount
- Fico score
- Employment status
Internet Mortgage Companies
Many mortgage companies posting impossible mortgage rates on the Internet violate federal law by not quoting the corresponding APR (Annual Percentage Rate) as well as the interest rate and applicable loan amounts. These mortgage companies create a quote that is meaningless and misleading.
Take a moment and call one of our licensed mortgage professionals for a trustworthy, honest quote. You will not have to provide your social security number to us. You will receive a complimentary consultation and answer a few questions. We will provide you with an accurate quote that will be guaranteed.
To show our appreciation for taking the time to visit our website, we will send you an informative article on APR's. Simply request it via email to: info@ascotmortgage.com.
Best Regards,
Donna Clements Shawver |
