Most of us don’t have the money to buy or renovate a home. This is where mortgage loans come in. Whether you’re buying your first home, renovating or investing in a rental or vacation spot, your next mortgage can help you achieve your goals.
However, to achieve this goal, getting the best possible mortgage rates is crucial. The interest rate and terms of your mortgage are important because these factors can greatly affect your total outgoings. Cut your interest rate by a percentage or two and you’ll save thousands of dollars in interest over the loan process.
如何获得下一笔抵押贷款的最佳利率
当考虑下一笔抵押贷款的选择时，最好尽可能做好准备，以完成贷款申请并获得尽可能低的利率。
“有三大支柱：你的信用度、你的收入（转化为债务收入比）和你的财富，”亚特兰大 Silverton Mortgage 总裁 Josh Moffitt 解释道。
In each of these areas, the following steps must be taken to obtain the best possible mortgage rate.
1.提高你的信用评分
较低的信用评分并不会自动阻止您获得贷款，但它可能会导致获得最低利率和更昂贵的贷款条款之间的差异。
“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 to measure a person’s ability to pay off 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 ratings, 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.
为了提高您的分数，请按时支付账单并偿还或消除这些信用卡余额。如果必须结转余额，请确保余额不超过可用信用额度的 20% 至 30%。另外，请检查您的信用评分并定期报告，并查找报告中的错误。如果发现任何错误，请在申请抵押贷款之前努力纠正。
2.做好就业记录
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 applying for a mortgage and a W-2 for the past two years. If you earn bonuses or commissions, you must also prove this.
If 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 provide 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? When you have a formal job offer on hand, lenders can often verify your job, as long as the offer reflects what 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.
工作经历中的空白并不一定会使您失去资格，但空白期的长短却很重要。例如，如果您因疾病而在相对较短的时间内失业，您可能能够轻松地向贷方解释这一差额。但是，如果您失业时间较长（六个月或更长时间），获得许可可能会很困难。
3. 节省首付
储蓄更多可以让你降低抵押贷款利率，特别是如果你有足够的现金支付20%首付。当然，贷款人会接受较低的首付，但低于 20% 通常意味着您必须支付私人抵押贷款保险，每年的数额可能为原始贷款额的 0.05% 到 1% 或更多。您越早偿还少于房屋总价值 80% 的抵押贷款，您就可以越早摆脱抵押贷款保险并降低每月的账单。
4. Choose 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 4.730%, according to Bankrate’s national survey of lenders.
Learn how to refinance your mortgage and whether it’s right for you with our free course.
5. Comparison store between multiple lenders
在寻找最佳抵押贷款利率甚至再融资时，请进行必要的研究，以确保找到适合您情况的最佳抵押贷款利率。不要接受第一个给出的价格——它值得一试。一项研究表明，借款人仅收到一份额外的利率优惠，平均节省了 $1,500 美元，而收到五份额外的利率优惠，平均节省了 $3,000 美元。
除了银行或信用社之外，还要与多家贷方进行交流，并在线探索各种选择。
“Buy and compare based on the credit evaluations you get,” Sanders said. “You don’t usually buy a car without a test drive first. Do a test drive before proceeding with the purchase.”
6. Lock your tariffs
The closing process can sometimes take 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 where interest rates are rising.
下一步
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’s an overview of what to expect:
- 申请后三天内，您将收到包含抵押贷款详细信息的贷款估算。其中包括结账费用清单，但这些是当前估计值，而不是确切数字。如果您对信用评估中包含的内容有疑问，您可以在此时要求贷方进行澄清。
- 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 your job 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 little longer before it damages 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 in this document matches your original offer. Keep in mind that rate locks are usually only for a specific period of time. Therefore, it is best to work with your lender to avoid delays in the closing process.
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