<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=730207053839709&amp;ev=PageView&amp;noscript=1">

Building Community Blog

When you’re trying to find the right interest rate for your new home mortgage, you have two choices: Fixed-rate and adjustable-rate interest. 

Your interest rate plays a big role in home affordability. The interest rate is how much the bank gets paid for lending you the money to buy a house, and you pay it back to them on a monthly basis as part of your mortgage payment.

Shopping for your first home is an exciting experience. After all, it's really the first place you can call your own! While finding a house that you're really happy with is important, so is finding a good interest rate on that home mortgage. But if this is your first go-around, you may not be familiar with interest rates. How do you know what's considered a "good" interest rate if this is your first home mortgage?

We'd like to help you understand mortgage interest rates so that you can feel confident in your decision. Asking yourself these questions will help you determine whether or not you're receiving an interest rate that feels reasonable.

All Posts