Why are there such large differences in mortgage rates advertised by different lenders?
Many lenders often advertise low teaser rates designed to generate phone calls. These rates may have additional points and fees added on to the rate prior to closing, or these programs are out of reach for all but a select few individuals with perfect credit and large down payments. In addition, if you are viewing rates posted by national lenders on their web sites, the rates advertised may not be available in your particular state. At Prime Mortgage Group, what you see is what you get. Our rates are true and honest rates for the Connecticut marketplace. We ALWAYS show the number of points and options available. We keep our closing costs low and free of hidden fees that other lenders may add on to their rate at closing. The fact is, we provide great rates AND great service.
Many lenders often advertise low “teaser” rates designed to generate phone calls. These rates may have additional points and fees added on to the rate prior to closing, or these programs are out of reach for all but a select few individuals with perfect credit and large down payments. In addition, if you are viewing rates posted by national lenders on their web sites, the rates advertised may not be available in your particular state. At Universal Mortgage Company, what you see is what you get. Our rates are true and honest rates for the Minnesota marketplace. We ALWAYS show the number of points and options available. We keep our closing costs low and free of hidden fees that other lenders may add on at closing.
