Mortgage Rates
Look at the National Average for Rates to the right. Do you want the lowest cost to get a lower rate?
If you qualify we can offer it to you right now. The truth is every lender has the same rates. The key question that should be asked is, how expensive is it going to be for you to receive a fair rate.
Call or email to find out today's current rate for your specific situation. Everyone's situation is a little different. Toll Free 866-459-6684 or Doug@JDJFinancial.com
What are interest rates based on?
A short and easy answer is Mortgage Backed Securities. Learn more by calling Doug or JoAnne at 866-459-6684
How often can rates change?
Rates can change every day.
What should a person shopping for a mortgage beware?
If a lender quotes you a rate that is a quarter point (.25%) lower than everyone else’s rate that day, Be Cautious. The lender may be trying the tactic of "bait and switch". This tactic is used by sales people to secure a nonrefundable loan application fee. They verbally quote a low rate and/or fees, but the true cost is not provided in writing until later in the mortgage approval process. This can be easily avoided by asking for a Signed FREE GOOD FAITH ESTIMATE. The SIGNED Good Faith Estimate is the most important document you will need to compare the total cost of your mortgage between lenders!
JDJ’s Advantages
- We offer a FREE GOOD FAITH ESTIMATE prior to paying any fees.
- You Pay No JDJ Fees to receive your approval.
- We offer no cost interest rate lock-ins.
- We also offer a no cost interest rate Float Down.*
* This means that while we are processing your loan application, if the interest rates go down, we may relock your application at the lower rate for free.
Learn how to shop for mortgages. Go to the GOOD FAITH ESTIMATE page and learn about the most important document you need to compare the total cost of your mortgage. You need to know how much you are being charged for that "Low Rate".
