Mortgage rates are always changing—up to multiple times per day. There are numerous factors that can affect a home buyer’s ability to secure financing, as well as the type of loan packages and corresponding rates that will be available for them. Some of these factors include your credit score, established credit history, income, the type of employment you have (self employed versus W2 employee), how much income documentation you have, and your debt to income ratio.
Lenders, Mortgage Brokers, and Loan Officers in Santa Barbara
As such, it’s imperative to get connected with a qualified Santa Barbara real estate agent so they can help pair you with the right direct lender, loan officer, or mortgage broker that will be able to offer you the right loan package, with the best interest rate and the lowest fees possible. Who you secure your financing with can literally cost or save you thousands of dollars in up-front fees, and tens of thousands of dollars over the life of a 30 year loan.
To learn more about mortgage rates, or for a free buyer consultation including a list of one or more recommended lenders to speak with, contact Daniel Zia by phone (805-637-7148) or email.