July 23, 2001
By: Ego Feathers Jr.
Website: http://www.1st-choice-loans.com
Quicken to the low mortgage rate for your home!
The success of your investment depends on getting a low mortgage rate for your home. Cut a few corners: get low mortgage rate quotes from major lenders and look at various lending programs to see which home mortgage loan program will have a favorable impact on your economy.
Consider portfolio loans as they self-insure to protect themselves against defaults and so save you the PMI (Private Mortgage Insurance). To cover the cost of self-insuring, the lender charges the borrower a higher interest rate, but that interest is tax-deductible and so by the year end, may convert your loan to a low mortgage rate.
Ask the lender for a low mortgage rate. Most will cut the posted rate by a quarter or a half percentage point, and sometimes even more. Your ability to bargain will often depend on your history with the lending institution: bring your car loan, savings/checking accounts, and credit card business to a single lender in return for getting a low mortgage rate.
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About
The Author:
Ego Feathers Jr. is a successful author and publisher of http://www.1st-choice-loans.com.
Recommendations, links and information on homeloans, mortgages and financing.