The number one question home buyers typically ask is “What is your interest rate?” We can appreciate the importance of this question. The sad truth is that many mortgage companies will quote a rate that is simply “too good to be true,” to entice you into making an application, only to disappoint you in the end when they are not able to deliver this rate on the terms and conditions you agreed upon or thought you were getting. In the mortgage business this is known as the “bait and switch.” In many cases the low interest rate quoted is compensated for by charging unusually high or unnecessary fees.

Interest rates on mortgage loans vary depending on several factors, including loan amount, the length of the loan term (30, 25, 20, 15, 10 years, etc.), the loan program desired (ex. Fixed rate, adjustable rate, interest only, fully amortizing, option loan, etc.), the length of time the rate needs to be locked, whether or not you choose to have a pre-payment penalty placed on the loan, and credit history. It is impossible to give an accurate quote in an instant without discussing these specific factors.

At Home Loans for Heroes we will never quote you a rate that is too good to be true..........and not truly available.  Be assured that once you share your specific goals, we will provide you with an outstanding home loan package, by offering a discounted low interest rate combined with the best loan program to suit your specific needs.  Our goal is to give back.  You put yourself out there to help other people, and we want to say thanks!