- Rates
WHY ARE THERE NO MORTGAGE RATES?
Misleading Rates - The first reason is the rates published mostly applied to first time homebuyers with 5% down, high credit scores, salaried employees and mortgages that are insured. Sure this is good for some clients, but those who have 20% down or more, those who are self employed, and those with less than perfect credit simply won't qualify for those rates due to there being different rates for those clients.
Rate Holds - The second reason is I am often unable to provide the published rates for pre-approvals (rate holds) and construction mortgage financing as pre-approval rates and construction mortgage rates are usually higher than what we display as our rate.
Expired Rates - The thrid reason is rates have been changing very often (almost daily) and when I have time to publish the latest rates, rates have already risen.
I still actively monitor each lenders rates, so after we discuss your unique situation you will be matched with a lender that is aligned with your individual situation.