How to Get a Lower Interest Rate When Buying a Home

In this episode we discuss how to get a lower interest rate when buying a new home.

About this video: If you are buying a home or are thinking about buying a new home and are thinking about getting a loan, then you may want to know of ways in order to decrease your interest rates. The way to do this is by 'buying down your rate' or 'paying points'. There are pros to this as well as cons.

CONSUMER NOTE! If you are comparing two banks interest rates and one is a LOT lower then the other. Be sure to ask for a breakdown of closing costs. Sometimes a sneaky loan office will tease a consumer with a low rate by increasing their closing costs through buying points. Sneaky and all to often the buyer figures it out when it is too late.

Thinking about making a move? Contact Jeff at 617-480-2600 or by email at Jeff@Boston2.com.