Whether you're a first time buyer, or have owned a number of homes and financed their purchase, getting a loan can be daunting. At Rand Realty, we want your purchase experience to be the best it can, and understanding the mortgage loan process - we encourage you to shop the market. Like other things, getting a loan costs you money, and you should understand the basics as you compare lenders.
First, the interest rate, which is the percentage rate at which you'll pay back the loan. Simple rule: big numbers are bad, little numbers are good. 3 and 4% interest rates are good. Those above that are not as good. Below is a chart of the current interest rates:
If you have any questions, please call. We're happy to help (and of course there's not cost to you).