 What is the interest rate?Monday, July 4, 2011 - Article by: Jason Stoeser -
"What is the interest rate?" is a question that I receive on daily basis. Answering the question requires a bit of research on the part of the client. Many clients are reluctant to offer the information required to pinpoint an exact interest rate. What if you went to your doctor's office and asked him, "What is wrong with me?" before he examined you? Simply, the answer would be "I would need to run some tests." Clients also need to be cognizant of interest rates quoted by a different mortgage company. I had a client notify me that he was going with XYZ Mortgage Co. When I finally discovered the reason, it was because their rate was lower than mine. The client had in one hand an interest rate that I quoted 4 days ago compared to an interest rate that was quoted 30 minutes ago from XYZ Mortgage Co. Remeber, the interest rates change on a daily basis. I hoped you enjoyed reading this post. Now, it is time to make wiser decisions. |
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