Washington
Low Mortgage Rate

Not everyone will qualify for a single digit Washington low mortgage rate, but that doesn't mean accepting the first offer that's laid on the table is the best route to go. It is possible to find a personal best low mortgage rate when a few smart shopping tips are brought into play.

Before going nuts applying for loans, shop rates and lenders and arm yourself with knowledge about what to avoid. A low rate might just be a wolf in sheep's clothing if fees and service charges are too high.

What to Look For

To find the best rates Washington state has to offer, keep an eye on standard mortgage rates being offered to different lenders' "ideal" customers. If you have great credit, you should qualify. If you don't, add a point or three to the rates being advertised.

Where to Go

Before turning over personal information, such as Social Security numbers, paycheck stubs and so on, it's a very good idea to be certain lenders are on the up and up. Banks, well-known or even locally known lenders and brokers are generally more than okay. Be very wary of calls that come into your house unsolicited.

Before signing on for a mortgage rate workup, check into:

• Reputation: Find out if a lender's previous clients are happy. It doesn't hurt to check with the Better Business Bureau either.
• Licensing: Is a mortgage broker actually licensed to work in Washington? Find out!
• Complaints: Have complaints been filed with the state's licensing agencies against the particular lenders or brokers you're considering? Check into it.

While most Washington lenders offer fair and competitive rates and impeccable service, not everyone is legitimate. Take the time to check it out before jumping in. Low mortgage rate offers sometimes sound too good to be true because they are.

What to Avoid

A signed, sealed and delivered low mortgage rate offer doesn't do you any good if fees and commissions offset the rate.

Before agreeing to a deal, look at:

• The extras being charged: If a mortgage broker is used, expect to pay something, but not thousands and thousands.
• The bottom line: Find out exactly what the payments work out to, what the end price will be when all payments have been made and so on.

Washington low mortgage rate offers can be found. It is a very good idea to check them out closely and make sure you are picking from only the best before proceeding.

Let us match you with the perfect Washington lender for your specific needs. For a free, no obligation mortgage consultation with a mortgage consultant who specializes in your needs . . . CLICK HERE