Mortgage Broker Connecticut, Local Mortgage Bankers - Interstate Home Loan

Mortgage Broker Connecticut

Mortgage Broker Connecticut2022-06-10T12:44:08+00:00

Looking to get a mortgage in Connecticut?

While looking for a home, having the paperwork done correctly is essential. It helps you get the mortgage much easier. Interstate Home Loan Center is your go-to choice if you are looking for any financing options on a home or another real estate project. Our team is committed to making your process of buying a new home as smooth as possible. We guide you throughout the process of choosing a purchase loan product at the best rate that is aligned with your long-term goals.

 Getting a home loan is an easy process with the help of the experts at Interstate Home Loan Center. The path to getting a mortgage in Connecticut has never been easier. We will assist you with the paperwork that will help you secure a mortgage pre-approval in Connecticut. Your budget is our priority and we will help you compare all the rates and terms that meet your unique needs. Every financial situation is unique, so comparing different home loan programs enables you to customize your loan. We have the best tools and experts to assist either a first-time buyer or even a seasoned real estate investor.

What to know when looking to get a mortgage in Connecticut?

One of the main qualifications in getting a mortgage is to have a good credit score. A high credit score assures the lender that you are good at managing money and have a habit of making payments on time. However, a low credit score can have an adverse effect on the lenders. A lesser credit score makes you appear as a riskier borrower who handles the loan payment process poorly. Another advantage of having a high credit score is the access it opens to lower interest rates and additional lender options.

If you have a low credit score, we at Interstate Home Loan Center can help your get the home you want. Another important factor is DTI or Debt to Income Ratio. An individual’s DTI is the total of their minimum monthly debt payments and dividing it by their gross monthly income. Lenders will also check assets like savings accounts, retirement accounts, and any taxable investments.

At Interstate Home Loan Center, we look forward to helping you secure your home as well as help you reach your long term financial goals. We want our clients to have a full understanding of their financial situation. Apart from assisting you to get a mortgage in Connecticut; we also make sure you get the best deal possible. It is crucial that the loan you take matches your financial situation. For example, a high-paying monthly payment might be a burden on your financial situation as a whole. To avoid such circumstances, let the experts at Interstate Home Loan Center help you. We are just a call away to help aid you on the road to securing the home of your dreams. 

Looking for a Mortgage Banker in Connecticut?

Ever wondered if a Connecticut Mortgage Banker is the right option for you? We at Interstate Home Loan Center help clients understand why a Connecticut mortgage banker is the best route to take. We believe in educating our clients on the subject so that potential buyers can see the benefits of choosing a Mortgage Banker in Connecticut. Buying a new home is a huge financial decision and investment. It is crucial to have all of the information before taking that big step. To achieve this dream, you will be given a Connecticut Mortgage Banker making the process flawless.

Mortgage Broker Vs Mortgage Banker

Are you unsure whether you should approach a mortgage banker or mortgage broker? Even though both of them help secure mortgage loans, mortgage bankers in Connecticut have more to offer to a home buyer.  A Mortgage Broker in Connecticut isn’t the best option because they usually facilitate originations for other institutions. A Connecticut Mortgage Broker doesn’t use its own funds and represents multiple financial institutions. You have to pay a mortgage broker through either a flat fee or through a commission that comes from a percentage of the home loan’s value.

A Mortgage Banker in Connecticut works in tandem with the lending institutions. Mortgage Bankers in Connecticut have many benefits including their access to long-term associations. Employed by lending institutions, they are adept at handling a variety of lenders, loan scenarios, and payment structures. Trusting Mortgage Bankers in Connecticut is easy because they have more control over the transactions than Mortgage Brokers. They are also paid through a salary.

Interstate Home Loan Center is happy to be your Mortgage Banker in Connecticut. Our highly experienced team of Mortgage bankers and financial experts ensures a smooth home-buying process. Their in-depth knowledge and experience help you to choose the right loan. Let us guide you every step of the way as you make your dream of owning a home a reality. 

Give us a call at 1-888-624-1414 and learn more about all that Interstate Home Loan Center has to offer you!

Quick Quote

Interest Rates

At Interstate Home Loan Center, we take pride in offering our clients the lowest interest rates possible. Whether you are looking to purchase or refinance, the team at Interstate is ready to help you secure the best rate possible! Contact Interstate today for more details.

20-YR FIXED

5.625%

5.78% APR

Lender Fees – $995
Points – $0

30-YR FIXED

5.625%

5.76% APR

Lender Fees – $995
Points – $0

15-YR FIXED

4.875%

5.04% APR

Lender Fees – $995
Points – $0

**Disclaimer This is not a commitment to lend. Terms and conditions apply. Interest rate and annual percentage rate (APR) are for informational purposes only. Rate and APR are based on single family, owner-occupied, primary residence purchase of conforming loan sizes with 60% loan-to-value and assumes 780 FICO score. Rates are prevailing and subject to change. Call for today’s live rate.

Our Process

Securing a mortgage doesn’t have to be stressful or time consuming. We believe in full transparency, and getting your loan approved FAST! You will be able to track the status at all times while we are working to move forward on our end. Any hold up can cause you to lose out on a home you’ve put an offer in on! At Interstate, our process is seamless and best of all, quick!

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FAQs

If I have a bad credit score, can I still get a mortgage on Long Island?2022-06-23T12:13:59+00:00

The truth is that it depends on how low your credit score is. If you think your credit score may cause an issue in obtaining a loan, please reach out to our office. The team at Interstate Home Loan Center has experience is working with individuals with lower credit scores and helping them get a loan to purchase a home. Our experts can also advise you on immediate steps you can take to bring your credit score back up!

What does a Mortgage Banker on Long Island do?2022-06-23T12:09:36+00:00

Mortgage Bankers work for a financial institution and help individuals obtain a mortgage loan. Their years of experience in the industry and relationships with lenders can provide either first time home buyers or seasoned real estate investors with the tools they need to secure a loan that fits their financial goals. Contact the team at Interstate Home Loan Center to find out how our Mortgage bankers can help you in the home buying or refinancing process!

What is the best way to get a mortgage on Long Island?2022-06-23T12:07:46+00:00

It is a good idea to do some research on mortgage programs and rates. You can do most of your research on-line or by phone. Organize the necessary financial paperwork and contact the team at Interstate Home Loan Center. We can help you navigate the process of getting a mortgage on Long Island. When making mortgage comparisons, you must be sure you are comparing mortgages of similar terms, i.e. a 30 year vs. a 5 year, do the mortgages you are comparing have prepayment penalties and do they have similar rate lock durations? There is a lot of difficult jargon when it comes to getting a mortgage. Let our experts help you select the best option for you and your financial goals.

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