With a credit score that is in excess of 740 and a debt to income ratio that is under 40% there are a large number of American homeowners who will benefit greatly from the current low interest rate environment. Luckily, there are many free resources available online to help Americans compare mortgage interest rates today. By comparing rates homeowners will find that there are many lenders that can offer attractive deals.
Before going into any refinance process is extremely important to understand what type of mortgage will work best for specific financial situation. With the amount of free resources available online it should not be difficult to better understand which options will work best based upon the financial circumstance.
The government has offered many free resources available on the FHA website so it would be well worth it to take advantage of these opportunities. Remember that not all homeowners will have the credit score and financial history to lock in the lowest possible rates but there are options to save even when the highest credit score has not been achieved.
Some of the largest mortgage lenders in the united states include Bank of America, Chase, Citigroup and Wells Fargo. While these are the big for financial institutions in this country it is important to remember that there are many banks at the local and regional level that can help homeowners locked into low mortgage interest rates.
Author: Mike Garner
source: www.subprimeblogger.com
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