Many consumers think if they see an interest rate posted that this is the rate they will automatically get on their loan. After “calculating” their payments borrowers may begin making decisions about the perfect house to purchase that they think is within their price range. As mortgage regulations have changed, more factors are considered and each factor will have an effect on the final loan program and interest rate that will be available to you.

Factors That Determine Rate:

• Credit
• Loan Program
• Down Payment or Loan-to-Value
• Loan Amount
• Loan Term

The consultation and approval process with your Axiom Mortgage Consultant will give you the most complete and accurate information. Together, you can determine the optimal loan program for your specific needs.