Mortgage Information

Mortgage Information

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Mortgage Interest Rate

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A mortgage interest rate is a relatively small percentage of your total mortgage payments. This rate can fluctuate greatly, depending on current market conditions. Since it is so small, it may seem insignificant to you, the borrower. However, over the life of your mortgage, the rate equals thousands of dollars out of your pocket! Doing a little bit of extra research can result in considerable savings. If you happen to have stellar credit, feel free to shop around and let lenders place bids for your business.

If your credit is less-than-perfect, however, there are still options available to you. Let First Union Home Loans talk to you about your options. Many people make the very grave mistake of taking on the first lender who approves their application. We all know that owning a home is the essence of the American Dream. And, we know how frustrating it can be when people can't seem to get approved for a loan. But there are very important reasons why taking a bad loan is a very, very bad idea.

In order to get a good mortgage interest rate, you don't necessarily have to have sterling credit. There are reasonable mortgage interest rate loans out there that you can qualify for. Here at First Union Home Loans, our brokers work with people of all credit backgrounds every single day to find excellent loans that they can rely on. Contact us and find out how we can help you, too!


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