Interest Rate and Home Loan Qualification Factors
What factors are used to determine
the interest rate on my mortgage?
Need further proof that there’s no such thing as “one-loan-fits-all”? This page of qualifying factors is an example of some of the many and varied criteria mortgage lenders use to qualify you for a mortgage loan and the interest rate charged. While not all of these conditions are considered on each and every type of loan, most are.
Don’t let this discourage or confuse you. As your loan broker, I can help you determine the best loan for you — one that meets your qualifications, budget and goals.
- Purchase or Refinance
- Rate & Term or Cash Out (refinance)
- Construction, Construction-to-Perm