I've applied for two mortgages based on really low advertised rates. When I talked to the lenders, they said based on my credit, income, assets, etc., I am a top tier borrower. However, when I applied for both loans, the rate they offered me was significantly higher than their advertised rates.
I asked the lenders how I can get the advertised rates, but they get really wishy washy about it and don't explain how I can qualify for those rates.
Could someone explain how mortgage rates work, and if there's any way to actually qualify for the low rates lenders advertise?
Submitted August 30, 2021 at 11:30AM by TheLawTalkinGuy https://ift.tt/3kCmmqH
