Recently you might have heard of advertisements of Mortgage Interest Rates for AS LOW AS 2.000% (15y-fixed) and 2.250% (30y-fixed) from some brokers - You wonder how these wonderful brokers can offer RATE THAT LOW... while the big banks like BOA or WF offer rates MUCH HIGHER @ 2.625% (15y-fixed) and 3.000% (30y-fixed).

Well you need to read the fine prints! What some brokers forget to mention is the fact you can "buy-down" the rate! Or pay for interest upfront to get the lower rate. Here is a slide that I had shared with many of my clients to help educate them. There are definitely benefits, but it will cost you! What's right for you?!?

Call me to find out if you should "buy-down" the interest rate. How do you really get a fair comparison between one lender to another, one broker to another? Call me!

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