With interest rates rising, getting the best mortgage rate is more important than ever. Your mortgage interest rate affects your monthly payments and how much you will pay in total over the life of the loan.
Your loan interest rate depends on many factors, including your down payment, creditworthiness, the value of the home you are buying, the loan term, and more. We’ll break down what you need to know to get the lowest rates.
Bagaimana untuk mendapatkan kadar faedah terbaik pada gadai janji anda yang seterusnya
Apabila mempertimbangkan pilihan untuk gadai janji anda yang seterusnya, sebaiknya anda bersedia sebaik mungkin untuk melengkapkan permohonan pinjaman anda dan mendapatkan kadar faedah serendah mungkin.
"Terdapat tiga tiang: kepercayaan kredit anda, pendapatan anda (diterjemahkan kepada nisbah hutang kepada pendapatan), dan kekayaan anda," jelas Josh Moffitt, presiden Silverton Mortgage di Atlanta.
Follow this seven-step process to get the best price.
Tingkatkan skor kredit anda
Keep employment records
save on deposit
Know your debt-to-income ratio
Choose a 15-Year Fixed Rate Mortgage
Comparison store between multiple lenders
secure your tariffs
1. Tingkatkan skor kredit anda
Skor kredit yang lebih rendah tidak secara automatik menghalang anda daripada mendapatkan pinjaman, tetapi ini boleh menjadi perbezaan antara mendapatkan kadar faedah yang paling rendah dan syarat pinjaman yang lebih mahal.
“Credit scores are always an important factor in determining risk,” said Valerie Saunders, vice president of the National Association of Mortgage Brokers (NAMB). “Lenders will use the score as a benchmark for determining a person’s ability to service their debts. The higher the score, the more likely the borrower will not default.”
The best mortgage rates go to borrowers with the highest credit scores, usually 740 or higher. Generally speaking, the more confident a lender is in your ability to make your payments on time, the lower the interest rate they offer.
Untuk meningkatkan skor anda, bayar bil anda tepat pada masanya dan bayar atau hapuskan baki kad kredit ini. Jika anda mesti membawa baki, pastikan baki tidak melebihi 20% hingga 30% daripada had kredit anda yang tersedia. Juga, semak skor kredit anda dan laporkannya dengan kerap dan cari ralat dalam laporan. Jika anda mendapati sebarang kesilapan, berusaha untuk membetulkannya sebelum memohon gadai janji.
2. Lakukan kerja rekod pekerjaan dengan baik
You are more attractive to lenders if you have a steady job and income for at least two years, especially with the same employer. Be prepared to provide pay stubs at least 30 days prior to your mortgage application and your W-2 for the past two years. If you get bonuses or commissions, you have to prove that too.
Or you are self-employed or your salary comes from multiple part-time jobs, it may be more difficult to qualify, but not impossible. If you are self-employed, you may need to submit business documents such as income statements in addition to your tax return to complete your application.
What if you are a graduate just starting your career or returning to the job market after a hiatus? If you have a formal job offer on hand, lenders can often verify your job, as long as the offer reflects the fees you will pay. The same applies if you currently have a job but are about to have a new one. However, if you’re entering an entirely new industry, lenders may flag your application. So keep this in mind when making major changes.
Jurang dalam sejarah kerja anda tidak semestinya membatalkan kelayakan anda, tetapi tidak kira berapa lama jurang tersebut. Sebagai contoh, jika anda menganggur untuk tempoh yang agak singkat kerana sakit, anda mungkin boleh menjelaskan jurang dengan mudah kepada pemberi pinjaman anda. Walau bagaimanapun, jika anda telah menganggur untuk tempoh masa yang panjang (enam bulan atau lebih), mungkin sukar untuk mendapatkan permit.
3. Jimat wang muka
Menyimpan lebih banyak boleh membolehkan anda menurunkan kadar gadai janji anda, terutamanya jika anda mempunyai wang tunai yang mencukupi untuk bayaran pendahuluan 20%. Sudah tentu, pemberi pinjaman akan menerima bayaran pendahuluan yang lebih rendah, tetapi kurang daripada 20% biasanya bermakna anda perlu membayar insurans gadai janji persendirian, yang boleh berkisar antara 0.05% hingga 1% atau lebih daripada jumlah pinjaman asal setahun. Lebih cepat anda membayar gadai janji anda dengan kurang daripada 80% daripada jumlah nilai rumah anda, lebih cepat anda boleh keluar daripada insurans gadai janji dan menurunkan bil bulanan anda.
4. Know your debt-to-income ratio
Your debt-to-income ratio (DTI) compares your debt to the money you earn. Specifically, it compares your total monthly debt payments to your total monthly income.
In general, the lower your DTI ratio, the more attractive you are to lenders. A low DTI means you can make new loan payments without going bankrupt. The higher your DTI, the more income you have to pay off your loan, making it harder to take on more debt.
A popular rule of thumb for lenders is to avoid mortgages that require more than 28% of your monthly gross income. Your overall DTI should stay below 36%.
So if you make $5,000 a month, you want your mortgage payments to be no more than $5,000 * 0.28 = $1,400, and you want to make sure your mortgage payments plus other debt payments stay below $5,000 * 0.36 = $1,800.
The maximum DTI is 45% for traditional loans and 43% for FHA loans. However, there may be some exceptions if you meet certain requirements, such as B. Significant savings.
5. Consider a 15-Year Fixed Rate Mortgage
While a 30-year fixed-rate mortgage is common, if you think you’ve found a long-term home and have good cash flow, consider a 15-year fixed-rate mortgage to pay off your home faster. You also have the option of a 15-year term when refinancing your current mortgage. The current benchmark rate for a 15-year fixed-rate mortgage is 4.870%, according to Bankrate’s national survey of lenders.
6. Comparison store between multiple lenders
Apabila mencari kadar gadai janji terbaik, malah pembiayaan semula, lakukan penyelidikan yang diperlukan untuk memastikan anda menemui kadar gadai janji terbaik untuk situasi anda. Jangan ambil harga pertama yang ditawarkan – ia berbaloi. Menurut satu kajian, peminjam hanya menerima satu tawaran kadar faedah tambahan dan menjimatkan purata $1,500, dan menerima lima dan menyimpan purata $3,000.
Lihat di luar bank atau kesatuan kredit anda, berbincang dengan berbilang pemberi pinjaman dan teroka pilihan dalam talian.
“Buy and compare based on the credit assessments you get,” Sanders said. “You don’t usually buy a car without a test drive first. Use your loan for a test drive before proceeding with the purchase.”
7. Lock your tariffs
The closing process sometimes takes weeks and prices can fluctuate during this time. After you sign a home purchase agreement and get a loan, ask your lender to determine your interest rate. There is sometimes a fee for this service, but it’s usually worth it, especially in an environment of rising interest rates.
Langkah seterusnya
Once you’ve found the best loan quotes and rates and applied for a loan, you’re one step closer to your next mortgage. Here is an overview of what to expect:
Dalam masa tiga hari selepas memohon, anda akan menerima anggaran pinjaman yang merangkumi butiran gadai janji. Ini termasuk senarai kos daftar keluar, tetapi ini adalah anggaran semasa, bukan nombor kukuh. Jika anda mempunyai soalan tentang perkara yang termasuk dalam penilaian kredit anda, anda boleh bertanya kepada pemberi pinjaman anda untuk mendapatkan penjelasan pada ketika ini.
Your lender’s underwriting department will review your application to determine whether your mortgage will be approved. During this time, you may be asked to provide additional documents or answer questions. So be prepared and react. Take care of your finances and work too – don’t take out new loans, make big purchases, or change jobs if you can avoid it.
If your mortgage is approved, you’re close to closing. If your loan is rejected, it’s important to find out what factors influenced the decision. In general, you can always apply for another mortgage from another lender, but it’s wise to wait a bit before you damage your credit.
As you approach your closing date, you will receive a closing disclosure with final loan terms, including your interest rate and closing costs. If you have determined a low price, please ensure that the price on this document matches the price you originally offered. Keep in mind that rate locks usually only last for a certain period of time. Therefore, it is best to work with your lender to avoid delays in the closing process.
Jadi pelajari lebih lanjut:
- Kajian Kad Hitam American Express Centurion
- Kad Kredit X1 – Semak cara memohon.
- Kad Kredit Destiny – Cara membuat pesanan dalam talian.
- Ulasan Kad American Express Rizab Delta Skymiles® – Lihat lagi.
- AmEx memberi tumpuan kepada pengalaman pelanggan dengan akaun semak baharu dan aplikasi yang direka bentuk semula
- Ganjaran kad Discover it® Rewards lihat cara ia berfungsi
