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What is your interest rate?

WHAT IS YOUR INTEREST RATE is a question I hear everyday, right along with "WHAT ARE YOUR CLOSING COSTS?
 
But it's NOT about rate or cost, it's about the best deal for you.
 
So why does every homebuyer focus on rate? Because they have been socially conditioned to do so by:
 
Every commercial
Every friend.
Every ad.
Every mortgage website
 
Social conditioning has most home buyers asking the wrong questions. 
 
Watch the video to see how social conditioning works!
 
 
Asking about interest rate or closing costs seem logical questions to ask, but by themselves, they do not give the response most borrowers need to make a proper mortgage loan decision.
 
Borrowers must understand both interest rates and closing costs, and how they interact with each other.  Interest rates are only half the answer to getting the best mortgage deal. It is possible end up with a low rate, or with low or no closing costs, but not necessarily the best deal.
 
When talking to your Loan Officer, are they just quoting rates? Do they have your best interest in mind? Do they ask probing questions, like "What is your long or short term goal?"
 
Financing your dream home is too important to entrust to just anyone who answers a phone.
 
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I will always completely review your personal situation to get you the best deal...  Find out more

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Joe Metzler is a Senior Mortgage Loan Officer for Minnesota based Mortgages Unlimited.

He was named the 2014 Minnesota Loan Officer of the Year, and Top 150 Loan Officers in the Nation for 2010, Top 100 for 2015, and Top 300 in 2016.  He provides Home Mortgage Loans in MN, WI, and SD. He can be reached at (651) 552-3681

Comment balloon 0 commentsJoseph Metzler • September 22 2016 12:13PM
What is your interest rate?
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WHAT IS YOUR INTEREST RATE is a question I hear everyday, right along with "WHAT ARE YOUR CLOSING COSTS? But it's NOT about rate or cost, it's about the best deal for you. So why does every homebuyer focus on rate? Because they have been… more