Several factors contribute to securing the best mortgage rate:
Improve your credit score: A higher credit score often leads to lower interest rates.
Lower your debt-to-income ratio: Reducing your debt can improve your chances of getting a better rate.
Shop around and compare offers: Don’t settle for the first rate you see. Compare offers from multiple lenders to find the best deal.
Consider a shorter loan term: Shorter loan terms typically have lower interest rates, though monthly payments may be higher.
Work with a knowledgeable mortgage lender: DSLD Mortgage experts can help you navigate the process and find the best rate for your situation.