Mortgage Rates in Summerville are still Low with Homefront Mortgages NMLS 264907

Mortgages rates are constantly changing in today’s economy.  Every lender sets the interest rate based on their perceived risk to writing a loan.  Although most lenders follow similar guidelines set by federally insured programs, most lenders add additional points, or overlays, for loans with a specific set of variables.  Some these variables can be the amount of down payment, the credit score, or a borrowers employment history.

When a borrower looks up mortgage rates on an internet site, the only rate displayed is the prime lending rate based on a perfect borrowing scenario.  Most borrowers do not have the perfect borrowing scenario.  Every borrower’s scenario is different and there may be many reasons why the rate they see on line would not be applied to their situation.

Homefront Mortgages takes the guess work out of shopping for a low interest rate.  Homefront mortgages will do a Free Consultation with a borrower to map out that specific borrower’s scenario and then shop with a multitude of lending institutions.  Homefront is not stuck with only shopping with a brick and mortar bank.  Many times, banks with local branches do not offer the most aggressive rates. It costs banks money to buy all of the land and buildings to have a local branch.  Many times the bigger lending institutions that are nationally based have specificly targeted market segments where they may offer more competitive interest rates.  Homefront can find the loan with the lowest interest rate available for you.

If you are looking for a low interest rate mortgage in Summerville South Carolina, contact Homefront Mortgages today for a Free Consultation by signing up on line or calling (843) 261-6181(843) 261-6181.