Anonymous
Posted on: 02nd Feb, 2006 06:40 pm
Is there any way I can find out what the par rates are for the day?
My lender is much hgher than other lenders and she is telling me she can't get a lower rate like some other lenders. My credit scores are 795, 798, 813. I should be geting one of the best rates possible. Is she charging me more so she can make more. How do I prove to her I deserve a better rate?
My lender is much hgher than other lenders and she is telling me she can't get a lower rate like some other lenders. My credit scores are 795, 798, 813. I should be geting one of the best rates possible. Is she charging me more so she can make more. How do I prove to her I deserve a better rate?
Hi,
Let me tell you that you have excellent credit score and you should be getting the best rates available in the market.
The par rate is actually the interest rate that industry insiders can avail while getting their own mortgage. So I don't think it will be easy for you to know them. Getting a par rate is almost impossible if you are not a part of the industry. At best you can try and ask some lenders and find out if they can help you out.
Lenders differ in the criteria set up by them for charging the rates. Even then I feel that your lender is being too harsh if she is charging you much more. So what you can do is shop around for some of the lowest rates and I am sure you will be able to get such a lender.
You can also go through our section on the weekly updated rates. You will be able to know some of the prevailing rates on different mortgages. And, in case you aren't able to get the best rates, please let me know.
Our Community has a group of lenders offering various rates and terms. So I can talk to them and let you know how much they can help you.
Regards,
Jessica.
Let me tell you that you have excellent credit score and you should be getting the best rates available in the market.
The par rate is actually the interest rate that industry insiders can avail while getting their own mortgage. So I don't think it will be easy for you to know them. Getting a par rate is almost impossible if you are not a part of the industry. At best you can try and ask some lenders and find out if they can help you out.
Lenders differ in the criteria set up by them for charging the rates. Even then I feel that your lender is being too harsh if she is charging you much more. So what you can do is shop around for some of the lowest rates and I am sure you will be able to get such a lender.
You can also go through our section on the weekly updated rates. You will be able to know some of the prevailing rates on different mortgages. And, in case you aren't able to get the best rates, please let me know.
Our Community has a group of lenders offering various rates and terms. So I can talk to them and let you know how much they can help you.
Regards,
Jessica.
