Make sure you get the best deal!

Check Your Mortgage Rate Instantly

Two ways you save money by checking your rate here:

(1) Use this information as leverage to negotiate a better rate

(2) Use us to provide your mortgage financing

Sign up for our RATES REPORT to have your scenario sent to your email every day.

See below...

How mortgage rates and fees work

FAQs

Best practices for finding the best mortgage rate and fees, saving you thousands

Filling out the form

Loan Purpose

Select the transaction type for your scenario: Purchase of a home, Refinance to change the rate or term of an existing mortgage, or Cash-out Refinance to take cash out of the equity in a home you own

State

Select Texas

County

Select the county where the home is situated

Credit Score

Estimate your credit score

Est. Purchase Price or Home Value

Enter an estimated purchase price or the current market value of the home to refinance

Down Payment or Mortgage Balance

Enter an expected down payment for a purchase, or the current balance of any existing mortgages for a refinance

You can enter a dollar amount or a percentage

Loan Type

Conventional loans are not backed by the government, typically requiring higher credit scores and down payments, but only require mortgage insurance on loans with less than 20% equity

FHA loans are government-insured loans with lower credit and down payment requirements, ideal for first-time homebuyers, but always require mortgage insurance

VA loans are available to eligible veterans and active-duty service members, offering no down payment and no mortgage insurance

Jumbo Loans exceed conventional loan limits, often requiring strong credit and larger down payments

Monthly Income

Enter your monthly income to help determine a rough debt ratio

Monthly Liability

Enter the monthly total of the minimum combined payments for all outstanding debt. This is only for payments required on borrowed money (not other expenses like insurance, rent, or utilities)

Property Type

Select the type of property to be financed

Occupancy

Select how the home will be occupied

Impound/Escrow

Select whether the new mortgage will have property taxes and insurance included in the monthly payment. Choosing "Yes" may provide a better result

Term

Select how many years for the term of the mortgage

Comparing rates and fees

What is the best way to compare rates?

Rates can change everyday. It is best to compare lender quotes on the same day, using the same purchase price, loan amount, and credit score. In addition to the rate, you also need to know all of the lender fees that correspond with that rate.

Two ways to compare quotes:

Quotes with the same rate should compare how the total of the lender fees are different.

Quotes with the same fees should compare how the rate may be different.

What are typical lender fees?

Lender fees can be broken into many pieces with varying names. Essentially, any fee charged by the institution providing the loan, is a lender fee. For example, the fees could be named: origination, underwriting, discount points, administration, processing, application, rate lock, lender credit, etc.

Think of the fees as the "price" paid at closing to get that particular rate from that particular lender. Lenders set their own price (fees) for the rates they offer. There can be significant differences between lenders.

If more than one rate is available, which rate is best?

A range of rates is available every day, and each rate has a corresponding fee or credit from the underwriter providing the loan. Choosing the best option involves how long you expect to have the loan and your budget. A good advisor can help you optimize which option will work best for you.

Is it worth it to pay more in fees for the same rate?

Lenders who charge more for a rate than another lender will say that their service or name brand are worth the additional cost to the consumer. In today's lending environment, this is typically an exaggeration. Good service and expertise does not have to come with a high price tag.

How to save money with this website?

Two ways you save money by checking your rate here:

(1) Use this information as leverage to negotiate a better rate and fees if you have already started with a lender

(2) Use us to provide your mortgage financing

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