Coldwell Banker Advantage- Anna LaBelle
2 years ago
Buying a Home? How to Still Get a Low-Interest Rate!
Typically, mortgage lenders provide a floating rate, which is an estimated rate that could rise or fall, depending on what’s happening in the market during the pre-approval process. That’s why you should initially assume that your rate will be higher than you were quoted and budget accordingly.
Typically, mortgage lenders provide a floating rate, which is an estimated rate that could rise or fall, depending on what’s happening in the market during the pre-approval process. That’s why you should initially assume that your rate will be higher than you were quoted and budget accordingly.
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