Local banks have one program.  I have hundreds. Who do you think has the best rates for your unique situation?

CONGRATULATIONS! YOU’RE READY TO GET A CUSTOM MAINE MORTGAGE RATES QUOTE…

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MAINE MORTGAGE RATES 

CUSTOM MAINE MORTGAGE RATES!

What’s your rate?

That’s a question I hear all the time, and the answer isn’t as simple as you may think.

Consider this, the lenders I deal with, offer Maine Mortgage rates based on the risk of the loan. For example, a person with an 806 Credit score, putting 40% down is a much lower risk then a person with a 556 credit score, putting 0% down.

Does that make sense?

Every lender I deal with has a “Sweat spot”; The clients that Lender Q is looking to deal with are different than the clients that Lender Y is looking to deal with. So, it makes since, in order to answer the question, “What’s your rate?”, is absolutely specific to your unique situation.

f you are a Veteran, there is a VA loan that’s an option…

If you are a full document self employed or wage earner, with a lower credit score, an FHA loan is an option…

If you are self-employed, and you’ve claimed very little income over the last two years, there are Alt-A programs…

If you are not a wage earner, but have a large amount of assets, there are asset depletion programs for you…

Etc.,

Here’s the thing, each of these programs have very different Maine Mortgage rates, and down payment or LTV requirements.

I am a Mortgage Broker, not a Credit Union, or a local bank. I have literally hundreds of programs, for VERY unique situations. If you are looking for the best Maine Mortgage Rates for you, let me help! 

MAINE MORTGAGE RATES, QUICK FACTS:

Credit Scores, LTV, property types, and income documentation types determine rates.

There are programs for lower credit scores, higher LTV’s and limited documentation borrowers.

Maine Mortgage Rates change daily.

Locking rates are the best way to guarantee them.

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  • Fixed Rates

  • Adjustable Rates (ARM)

  • Conforming Loans

  • Jumbo & Super Jumbo Loans

  • Alt-A, Limited Doc Loans

  • Non-Prime Loans

  • FHA, VA, & USDA Loans

  • Terms from 5 to 30 Years

  • Purchase and Refinance options available


What determines your Rate?

Credit Score, LTV, property type, and income documentation type determine rates. 

How do you guarantee a rate?

Locking a rate is the best way to guarantee it. 

Are adjustable rates better?

Adjustable rates are much lower sometimes, but, they are not always worth the risk. 

What Program has the best rates?

Usually programs with higher fees have the lower rates.  Make sure you have a proper understanding before you take the lowest rate!

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©2004 - 2018   

Travis Penny, Maine Mortgage Game Planner  

NMLS #1649161

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