Get a low refinance, purchase, fHA, 2nd Mortgage interest rate
Getting a great low interest rate on your mortgage can save you tens of thousands of dollars over the life of your mortgage. Mortgage interest rates can vary widely by lender and by how you are applying.
For example, if you apply for a mortgage on a new home through the home builders preferred lender, you could pay as much as 1 percent or more as a premium on your mortgage Interest rate than you would pay otherwise if you went directly through a bank, mortgage lender or mortgage broker. When I was looking to buy a home, I had a pre-approval from my lender for 5.5% with no points. The builders preferred lender - one of the largest bank in the U.S., offered a 6.5% mortgage rate. To get the builders pre-paid closing costs, I had to use their lender at a cost of tens of thousands of dollars over the mortgage loan life. So not worth it!
Mortgage rates will be going up. With inflation, and years of poor economic conditions expected, you need to get your mortgage rate down while rates are low! Be smart, shop your proposed mortgage rate.