The best way to get the lowest interest rate on a mortgage is through a bank lender. The fees involved are the lowest and you wont have to worry about
getting a fair rate. As long as your average credit score from all 3 credit agencies is 620 or above and you meet all other requirement guidelines from the bank you should have no problem receiving
the home mortgage.
If your credit score is lower than 620 you may have to apply for a non-conforming loan through a financial institution. Shop around at different financial lenders so you can receive the best rate.
When you deal with these type of lenders the difference can be as much as 2% points or more between one lender and another.
We recommend doing your research on the current interest rates offered by the banks and financial institution to get the lowest rate in the market.
For more information on this subject please visit the Federal Trade Commission at Looking For The Best
Mortgage.