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How to get the lowest interest rate on a mortgage

Joe Correa - 45,000+ Students

How to get the lowest interest rate on a mortgage:  Discover insider secrets to get the best interest rate by buying down the interest rate, getting lender credits, & more.

Getting a lower interest rate on their mortgage is more about what you know than who you know. Most people assume that having great credit scores is all you need but you would be surprised to know that there are other things that are just as important and that can save you thousands over the years.

WHAT GOES 

Read more

How to get the lowest interest rate on a mortgage:  Discover insider secrets to get the best interest rate by buying down the interest rate, getting lender credits, & more.

Getting a lower interest rate on their mortgage is more about what you know than who you know. Most people assume that having great credit scores is all you need but you would be surprised to know that there are other things that are just as important and that can save you thousands over the years.

WHAT GOES 

  • Your credit scores

  • The type of home you purchase

  • The loan amount (this is one most people overlook. )

  • The state and zipcode where the property is located

  • The down payment percentage

  • The loan term (30 yr, 20, yr, 15 yr, 10 yr mortgage)

  • Rate lock time periods

  • Getting lender paid mortgage insurance versus borrower paid

  • There are more strategies but these will taught in the course...

    • This course includes:

    • Instructor-led document examples so that you become familiar with what rate ranges look like

    • 24 hour access to your instructor via the Udemy Q&A messaging portal, lifetime access to this course,

    • and a 30 day money back guarantee.

    If you are thinking of buy a home, become an investor, work in the mortgage industry as a loan officer or processor or underwriter, and want to learn creative ways to get a lower interest rate and lower mortgage payments, then this is the course you need to take and finish to the end.

    Click on the enroll button right now to get started. This course will save you thousands over the years.

    Taught by an industry veteran. Joe Correa is the Founder and CEO of Finibi Mortgage which is a mortgage brokerage business based out of Orlando, Florida.

    Don't wait to get this course for the price of a couple coffees. In the future, this will equate to thousands in profits for you.

    I’ll see you inside the course.

    Enroll now

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    What's inside

    Learning objectives

    • You will learn what you need to do to get the lowest interest rate on a mortgage by using inside tips taught by a seasoned veteran in mortgages.
    • You will learn how to buy down the interest rate to bring it down and have lower monthly payments which will save you on interest payments.
    • Discover how to get an interest rate credit to help you cover part or all of your closing costs.
    • Improve your general mortgage knowledge and how the process works.
    • Effectively negotiate better terms with lenders and banks.
    • Understand what types of real estate properties get beneficial terms and rates.
    • Learn why different loan programs have different rates.
    • Discover who has better interest rates when it comes to banks, lenders, and mortgage companies.

    Syllabus

    You will be intriduced to the world of mortgage interest rates and how they can affect your entire financial life.
    Does it matter what interest rate I have in the long run?
    Read more
    A true story How I secured a 1.75% interest rate on my mortgage
    Why do some people get a lower interest rate?
    You will learn where yuo will find the best interest rates and why conventional, FHA, VA, and USDA loans have different rates.
    Who has the best interest rates banks, mortgage lender, or mortgage brokers?
    Why do conventional, FHA, VA, and USDA have different interest rates?
    10 tips to get the lowest mortgage interest rate
    A quick interruption
    You will learn unique strategies and tips that will change how you look at mortgage rates and save on interest payments.
    My mortgage statement and how the numbers play out
    Comparing different interest payments on a mortgage calculator
    How paying loan discount points works and how the numbers work out on rates
    Steps to get the lowest interest rate out there
    You will learn what you need to say to loan officers to get the best rates as well as what you need to do to have the best credit scores to increase your chances of getting the lowest interest rates
    What should you ask loan officers when applying for a mortgage?
    How you can improve your credit before applying for a home loan

    Start this simple and short quiz to determine how much you have learned in this course.

    Save this course

    Save How to get the lowest interest rate on a mortgage to your list so you can find it easily later:
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    Activities

    Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in How to get the lowest interest rate on a mortgage with these activities:
    Review Credit Score Factors
    Reinforce your understanding of the factors that influence credit scores to improve your chances of securing a lower interest rate.
    Browse courses on Credit Score
    Show steps
    • Identify the key components of a credit score.
    • Research how payment history impacts your credit score.
    • Analyze your own credit report for areas of improvement.
    Read 'The Total Money Makeover'
    Gain a broader understanding of personal finance principles to better manage your mortgage and overall financial well-being.
    View Build a Business You Love on Amazon
    Show steps
    • Read the book and take notes on key concepts.
    • Apply the principles to your own financial situation.
    Compile a List of Mortgage Lenders
    Research and compile a list of various mortgage lenders to compare their rates and terms effectively.
    Show steps
    • Research different types of mortgage lenders.
    • Create a spreadsheet to compare rates and terms.
    • Document the pros and cons of each lender.
    Four other activities
    Expand to see all activities and additional details
    Show all seven activities
    Mortgage Calculator Scenarios
    Practice using mortgage calculators with different scenarios to understand the impact of interest rates and loan terms.
    Show steps
    • Find a reliable online mortgage calculator.
    • Input different interest rates and loan terms.
    • Analyze the impact on monthly payments and total interest paid.
    Create a Mortgage Glossary
    Develop a glossary of mortgage-related terms to solidify your understanding of the terminology used in the industry.
    Show steps
    • Identify common mortgage terms.
    • Research and define each term clearly.
    • Organize the terms alphabetically in a glossary.
    Analyze Local Real Estate Trends
    Research and analyze local real estate trends to understand how property types and locations affect mortgage rates.
    Show steps
    • Gather data on local real estate market trends.
    • Analyze the relationship between property types and interest rates.
    • Present your findings in a report or presentation.
    Attend a Real Estate Seminar
    Attend a real estate seminar to learn from industry professionals and gain insights into current mortgage trends.
    Show steps
    • Find a local real estate seminar or workshop.
    • Attend the event and take notes.
    • Network with other attendees and speakers.

    Career center

    Learners who complete How to get the lowest interest rate on a mortgage will develop knowledge and skills that may be useful to these careers:

    Reading list

    We've selected one books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in How to get the lowest interest rate on a mortgage.
    Cover image
    Build a Business You Love
    Save
    Provides a step-by-step plan for getting out of debt and building wealth. It emphasizes the importance of financial discipline and making smart financial decisions. While not specifically about mortgages, it can help readers improve their overall financial health, which can indirectly impact their ability to secure a low interest rate. This book offers a practical approach to debt management and financial planning.
    Build a Business You Love
    Paperback
    Check
    Build a Business You Love
    Kindle Edition
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    Joe Correa - 45,000+ Students
    Language
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