Why Your Bank May Not Be Giving You the Best Mortgage Rate

 · An important tip for anyone looking to compare savings accounts is to read the fine print and identify any fees associated with the accounts. These could be account maintenance fees, annual fees or minimum balance fees you pay if your account dips below a certain level.

Why Your Bank May Not Be Giving You the Best Mortgage Rate. Mortgage rates are near all-time lows, and it might be hard to imagine them going even lower. But some loan experts say many banks aren’t giving borrowers the lowest rates they deserve.

 · Bank statements are one of the many financial documents you’ll need to provide your mortgage lender when you’re getting approved for a home loan.

There’s no way around it – if you don’t want to give them a copy of your bank statement, then they won’t be giving you a mortgage. They already have your SSN and birthdates so I’m not sure what other personal information they are going to get from your bank statement that they don’t already have.

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Mortgage rates are near all-time lows, and it might be hard to imagine them going even lower. But some loan experts say many banks aren’t giving borrowers the lowest rates they deserve. It’s a.

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Lenders may not be giving you the best mortgage rate. Here’s why – and how you can get a better interest rate on a home loan.

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Getting the best interest rate on your mortgage can save you tens of thousands of dollars over the life of the loan, and surely you’ve got better things to spend money on than paying your bank interest. Knowing ahead of time what lenders look for, and what can derail your chances of getting the lowest rate, can help.

Never assume your bank will give you the best mortgage just because you are a loyal customer. If you only apply for a mortgage with your bank they have no incentive to offer you a better deal.

Matthew

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