The What's Your Rate Today Question...

This is one of the top questions that a prospect asks of us lenders. It is common sense, and it is more like the "normal" default of what to ask first. With that said, here is a detailed answer to it:

The mortgage does fluctuate on a daily basis and often multiple times a day. There are several things that DO move the markets (10-year treasury yield, inflation, unemployment, political climate to name a few). This means that a high degree of volatility IS always present.

Secondly, all cases are very different right? Meaning: The credit scores for individuals vary Plus not everyone goes in with the same down payment amount. Some people go in with a 5% down payment, others go in with a 10% down payment, and in some cases there are persons that put down 25% down payment or more. The logical outcome IS that the higher the credit score and down payment...The much better rate-terms that a motivated client will obtain.

It is perfectly okay for a motivated prospect to speak to 2-3 local-reputable lenders and ask their questions. Ultimately, the prospect chooses who he-she wants to use as their financing expert. I would very much enjoy serving YOU this Summer-Fall and get you the best possible mortgage based on all of your qualifications.

Please hit me up with a call or text at 301-980-3494. Alternatively, you can send us an email here. We will be more than happy to get back to you quickly.

Enthusiastically,

Edwin

301-980-3494