Looking To Purchase A Home In The Houston TX Market Learn How Your Interest Rate Is Determined

Dated: April 5 2018

Views: 374

 Most people want the lowest interest rate on their mortgage loan but do you know what other variables can affect that interest rate? Below is a list of different variables.



  • Loan amount

  • Loan Type (CONV, FHA, VA, USDA)

  • Loan Term (30, 15, 7/1)

  • Amortization (FIXED, ARM)

  • Purpose (Purchase, Refinance)

  • Cash Out/Amount

  • LTV 

  • CLTV

  • Property/State

  • Property County

  • Property Type (SFR, Condo)

  • Number of Units (1-4)

  • Occupancy (Owner/Investment)

  • Credit Score

  • Credit History

  • Debt Tolerance Ratio

  • Asset Verification

  • Reserves

  • Relocation

  • Gift Funds

  • Concessions

  • Income Verification

  • Employment Status

  • Employment Documentation

  • Co-Borrower (Occ/Un-Occ)

  • Citizenship/Resident Alien Status

  • Lock Period (7, 15, 30, 60, 90)

  • Mortgage Insurance (MO, LPMI)

  • UW (Underwriting) System (AUS, DO, DI, DE)

  • Escrow (Included, Yes or No)



Image title


Whether you're looking to purchase a home now, or in the future, learning what variables impact your interest rates can help you better prepare yourself for the home buying process and negotiating your mortgage loan. Give me a call today and I would be happy to put you in contact with one of the preferred lenders we have worked with over the years and help you prepare for the process of home buying!



Image title



Best Priced Properties Team REALTORS- Hite Properties - Best Priced Properties Team Russell and Melissa Banki, Certified Negotiation Experts (CNE) Accredited Luxury Home Specialist (ALHS) Certified Home Selling Advisors (CHSA) Certified Home Buying Advisors (CHBA) Certified Expert Home Selling and Buying Advisors. Ask us about our Smart Home Buying and Selling Strategy. CALL OR TEXT. cel 713-480-0889 or 936-445-0216. As local real estate Montgomery County Real Estate Experts in The Woodlands, Spring, Shenandoah, Magnolia, Montgomery, Conroe and Greater North Houston/Houston Metro areas we can save you valuable time & money! Contact us today. It would be our pleasure to help you with all your residential/commercial buying, selling or investment needs. We believe our clients should feel confident and benefit from selling or purchasing real estate. 

Blog author image

Melissa Banki | REALTOR® GRI CNE

REALTOR®, GRI, CNE - Hite Properties Best Priced Properties Team - The Woodlands TX Cell: 936-445-0216 Clients First! Treating the relationship with far more value than the transaction. We be....

Want to Advertise on this Site?

Latest Blog Posts

Hard To Find One In A Half Story Home In Crighton Woods In Conroe On Half Acre With Pool

JUST LISTED!! 13236 Misty Sage Drive Conroe, TX 77302HARD TO FIND 1.5 story home in well-manicured Crighton Woods community! This smart home is ideal for all ages! Situated on a private,,

Read More

Rental Listing Available In North Houston

RENTAL LISTING AVAILABLE in North Houston!! Fantastic Location!!Fantastic opportunity in the wonderful NEW community of Retreat at Champions Landing. This gorgeous Newer ENERGY EFFICIENT one

Read More

Wishing You A Happy New Year

Russell and Melissa BankiBest Priced Properties TeamHelping our clients achieve all of their real estate goals!www.bestpricedproperties.comThinking of selling your home and curious about your home's

Read More

Merry Christmas

Russell and Melissa BankiBest Priced Properties TeamHelping our clients achieve all of their real estate goals!www.bestpricedproperties

Read More