You can get a lower rate by agreeing to pay the lender a prepayment penalty if you pay off the loan early. Before you agree to conditions like these, make sure you completely understand them and are comfortable with what you're doing . The interest rate you get on your loan, and even whether you get a loan at all, depend on your credit rating. Your credit rating is a measure by lenders of how big a risk they are taking by lending money to you. Issues like these are a big factor in your credit rating.
Lenders consider people who stay in their jobs for a long time to be less risky borrowers.
If your debt is already high compared to your income, creditors might consider it risky to lend you even more. If the equity you have in your home is much larger than the loan you want, then lending to you isn't very risky. Your credit rating is stronger if you can pay loan closing costs in cash. The key to a good borrowing experience is taking the time to find a good lender. A good lender will help you get the kind of loan and terms that are best for you, will make sure you understand everything you need to know before you sign the papers, and will work with you to work out a solution if you ever have trouble making your payments.