Basically defines how much you will be paying the bank to borrow money from them. The interest rate offered to you is dependent on your credit rating, how much money you are able to put down, how much money you make and the value of the home you're buying. Rates can also change depending on the loan program and if you are purchasing or refinancing.
Steve Morrow City 1st Mortgage 1558 N. Woodland Park Drive Suite #400 Layton, UT 84041
Cell: (801) 589-1111 Office: (801) 926-9925 Toll Free (877) LEND-210 Fax: (801) 660-1354
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Office Hours: Monday - Friday 8:30AM to 5:30PM After hours by appointment.