Negotiate Your Interest Rate

Shop for your interest rate, just like you shop for anything else.

By DAVE HOLLAND

Can I Negotiate My Mortgage Interest Rate?

The question that we have is can I negotiate my interest rate? Yes, you can is the answer.

Hi, it’s Dave Holland with Veterans National Mortgage.

The question that we have is can I negotiate my interest rate?

Yes, you can is the answer. So really you want to shop for your interest rate, just like you shop for anything else. 40% of the American public does not shop for their mortgage interest rate.

They’ll shop for cars, they’ll shop for fruit at the grocery store, but they will get a mortgage from the very first person that they talk to. It’s so important for you to shop for your interest rate. And most people don’t know that 1% savings in interest and your interest rate are the equivalents of a hundred thousand dollars purchasing power.

You can go out today 

Imagine you can go and purchase $100,000 more home than you’re looking at right now. That’s a very important factor. So how do I shop for my mortgage rate? Well, we are an independent mortgage broker. So what we do for the consumer is we shop many lenders for your scenario.

That’s truly the best way for the consumer to shop for their mortgage. You can do it yourself, but you would have to travel to each lender, each bank to decide who is the best. For your particular scenario, also the mortgage broker doesn’t charge you for that information. They simply help you to find who the best lender is and who has the best interest rates.

“So really you want to shop for your interest rate, just like you shop for anything else. ”

Negotiate The Rate

So how do you negotiate that rate? Once you have all of your information in, then the mortgage broker will go to each lender and see who has the best rate for you? This part of the process is very important and you want to start this before. You start looking at homes, you did not want to start shopping for interest rates after you’re already in escrow and you’ve already selected a home.

So let us start that process for you. So how do we negotiate the rate on your behalf? Well, as an independent mortgage broker, the lenders actually bid on our business. So we have a network of lenders that specialize in. Different types of loans. All lenders are not created equal. Some lenders specialize in conventional loans.

Your Scenario

Some lenders are better at VA loans. Some lenders are better at FHA loans. So when we’re looking at lenders, all of those lenders will tell us what interest rate they have and what fees that they have for your scenario specifically. That allows us to figure out who has the best deal, so you can get the best rate and best fees for your purchase.

Do you need help?

So to have us help you to negotiate your interest rate, you can apply now with a free quote and no credit check at veteransnationalmortgage.com. Or you can call us directly at (888) 922-2022 and the Veterans National Mortgage team will be happy to help you to achieve your dream or go directly to our website at veteransnationalmortgage.com/apply-online

Our team is excited to help you with your DREAM HOME!

You may also be interested in knowing about How Much Home Can I Afford >> HERE <<
or 
A Comprehensive Guide to Understanding the VA Home Loan Benefit >> HERE <<

Veterans National Mortgage | NMLS #2006604 – NMLS Consumer Access Portal

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