Comparing North Carolina mortgage rates
A quick look at Mortgages.com’s online directory of North Carolina brokers is the easiest way to find qualified lenders. To find the mortgage with the best rate for your situation, it’s wise to obtain multiple offers in writing. When they come in, take time to compare all terms including interest rates, amortization schedules, and fees. Here’s how to prepare for lender meetings and loan comparisons:
* Know what you can afford. Mortgage calculators help analyze rates offered on different loan types.
* Try to accurately predict the future. Whether you expect a pay increase or may need to move soon can impact the mortgage you choose now.
* Learn how interest rates influence different North Carolina mortgages.
For example, introductory rates on ARMs (adjustable rate mortgages) typically are lower than on fixed rate mortgages, but can become significantly higher later on. Interest rates on second mortgages tend to be higher than rates offered on refinancing.
