Low Interest Mortgage Rates Remain the Key Factor in Determining Affordability for Homebuyers

There are a number of factors to consider when purchasing a new home and while many people look at the obvious elements like location, schools, proximity to work, etc. perhaps the most important factor to consider is what kind of mortgage rate you can secure. The reason a low interest mortgage rates is so important is simple, it can determine whether or not you can afford the purchase price of a home.

While you may find the perfect home you may also find that an unfavorable mortgage rate will prevent that dream home from becoming a reality. It is always a good idea to be “prequalified” for the amount you can afford and with mortgage interest rates differing among lenders potential homeowners will find that what they can afford varies.

Knowing what you can afford can be the difference between keeping your home and losing your home, making the process of getting prequalified for a home loan all the more important. This is why Bank of Internet USA not only leads potential homebuyers through an informal self-evaluation to determine how much they can afford but follows that self-evaluation up with direct contact from a skilled mortgage consultant.

The mortgage consultants at Bank of Internet USA understand the importance of low interest mortgage rates and want to ensure every homebuyer secures a home loan that will not only get them in their dream home but make it affordable to keep.

Bank of Internet is a Costco-Preferred National Lender.