The Volatility of the Industry Keeps the Rates Going UP and DOWN

 

NOTE: We don't post rates as they can be misleading to your specific lending needs.  The more "generic" the quote, the less accurate it is. In order to obtain the most competitive rates, we need to "shop" the market with the various lenders to make the proper adjustments that must be considered in obtaining the best rate. Consideration such as the Loan to Value (LTV), the credit score, escrows, owner occupancy, secondary financing, the lock in period, purchase or refinance, etc... all effect the actual rate and program you may qualify for.

We at SureFast Mortgage can quickly ascertain the relevant information from you to "shop" the market for you and obtain the best rate available given your specific situation. Let SureFast Mortgage help you find you the BEST RATE.

Interest rate
The current market rates largely determine the range of interest rates that will be offered. But, many factors can make a difference to your ability to obtain a low interest rate. There are many factors that affect your interest rate. Some you can control, others you cannot. The following are just a few aspects taken into consideration when pricing your loan.

• Your Credit Score
• Credit Payment History (Mortgage Lates, Bankruptcy, Foreclosures, Judgments, Lates on Trade Lines)
• Number of Active Trade Lines and length of credit history
• First Time Home Buyer (If you have not own a home in the last 3 years)
• Cash Reserves (Some Lenders require 2 months seasoned PITI reserves and some require 6 months)
• Property Type (Single Family, 2-4 Units, Condo - low vs high rise, Manufacture vs Modular)
• Debt to Income Ratio (the percentage of your outstanding monthly credit obligations to your income)
• Loan to Value (the percentage of the amount borrower to the value of the property)
• Transaction Type (Purchase, Refinance Rate/Term, Refinance Cash-Out)
• Occupancy Type (Owner Occupied, Secondary Home, Non Owner Occupied – Investment)
• Documentation Type (Full Doc, Stated Income, Stated Income and Assets)
• Loan Amount (Conforming, Non Conforming, Loans less than $100,000)
• Term of the Loan (30 year Fixed, 15 Year Fixed, 2-3-5-7-10 Year ARM programs)
• Prepay Penalty Period Election
• Impound Election
• Interest Only Election
• Lock Period

Fill out the Short Pre-Qualification Form in the Apply on Line Section or contact us and we will provide you with current quotes on the programs that you are interested in.