How To Be Certain You Get The Best Rate For Your Mortgage

5 year fixed^*:

4.19%

People often ask what my best rate is. It's become a bit of a watercooler sport, flaunting the great rate we scored. In point of fact, there are several factors that will determine the best rate for you. These include...

• Your credit score
• The length of your mortgage term
• Your mortgage pre-payment privileges
• How quickly you close

Perhaps the most important factor, though, is your goals. Even before you look at rate, you need to determine what outcome you want to achieve in taking on a mortgage. As author Stephen Covey puts it, you need to "begin with the end in mind."

Are you...

• Buying with the intention of selling quickly?
• Buying an investment property that will be carried by rental income?
• Self-employed, looking to buy a vacation property?
• Buying your first home with less than 5% downpayment?

If you really want to know the best rate available to you, give me a call. We'll discuss your goals and work out the best mortgage strategy to help you attain them. And determine the best rate for you.

Still can't resist knowing today's best rate? That's the current 5 year fixed rate up there in blue.

* Updated May. 4, 2010. Rates subject to change without notice. Terms and conditions apply.