Why can't you believe the interest rates you see advertised?
Answer - There are 10 key factors that determine an interest rate and it's impossible to provide a quote online!
(click to see the explanation!)
Providing an interest rate quote online is like receiving a job offer and salary commitment without ever applying for the job!
Your job offer depends on your experience, training, education, skills, location, availability, history of employment, etc. But the FIRST step is with the application!
Quoting an Interest Rate is very similar. It is based on the strength of the application and the amount of risk the loan itself presents to the investor.
Risk is determined by many things and a combination of those things, such as:
Credit scores, Primary residence vs Investor property, Income and income stability, Current assets and reserves, location of the property (whether it is on 5 acres vs 100 acres), whether you are purchasing or refinancing, are you pulling cash out of the refinance or is it just rate/term, how much credit have you recently applied for, what are your current liabilities, how do they compare to your assets and income, etc…
There is no way we or any lender in the U.S. can provide you an accurate guaranteed interest rate quote in an advertisement, on Facebook, or even over the phone without a full application and documentation!
We can provide estimates… and many lenders do. But we know that you’re going to choose the “best quote” so many lenders will advertise or tell you over the phone an interest rate quote that gets you in the door.
Our goal is to build confidence and trust with our customers. We don’t believe that advertising or providing fake interest rates just to lure you in is the way to build confidence, trust, and future business with you.
We are your financial real estate advisor for life!
Our relationship with you is built on the guidance you can trust and rely upon forever. Not just this loan, but your futures loans and often your family’s loan.