Pasadena Mortgage RATES
What are the current Pasadena mortgage rates? Depending on the lender, they tend to fluctuate between 3% and 5% as of 2016. However, not everything is set in stone – your rates will depend on your financial criteria (such as your monthly earnings, your credit score, and other aspects), and there may be clauses in the contract that affect your rates positively or negatively based on your payment performance and other indicators.
It’s complicated – get the professionals handling it for you. Contact Capital Source Financial today and speak with one of our expert agents. We will guide you through the current 2016 rates depending on the type of loan you are trying to acquire, and we will explain everything else associated with that rate and what can affect it. When you’re ready to get started, let us handle everything and negotiate the lowest rate possible for you – depending on your financial standings and the type of loan you choose, we are often able to negotiate a mortgage rate that is far lower than the publicly-stated rate. Call (866) 303-7050 or click buton below to get started today.
What Affects Your Pasadena Mortgage Rates?
- Lender. Different lenders have different default rates. In general, lenders with lower rates cater to more stable applicants, with lenders with higher rates catering to those with less stable financials.
- Type of loan. Different loans will have different default rates, too. The type of loan you can get will depend on your criteria, the value of your property, and other factors.
- Financial criteria. Aspects like your credit score and asset reserves will factor into your mortgage rates. A good credit score with substantial reserves will result in a low mortgage rate, with the opposite resulting in a high mortgage rate.
- Terms of mortgage. Short mortgages will generally have lower rates than long-term mortgages, but this will depend on you and the specifics of your mortgage.
- Negotiation ability. Some governmental mortgages are not open to negotiation, but when you are dealing with a private lender, a good broker can often haggle the rates down so you pay less on a month-to-month basis.
Use a Good Broker
for the Best Rates
Don’t let lenders convince you that the rates you see are the rates you must pay – this is almost never the case. Instead, contact an experienced mortgage broker and let them guide you through the process. They tell you what you need to know – and not just what will make the lender the most amount of money.