5 Ways to Lower Your Mortgage Rate:
- Boost Your Credit Score – Even a small bump in your score can unlock better rates. Pay bills on time, reduce credit card balances, and avoid opening new accounts right before applying.
- Increase Your Down Payment – More money down often means a smaller loan amount and better terms.
- Shop Around – Compare rates from local credit unions, banks, and mortgage brokers. Even a 0.25% difference can save thousands over time.
- Consider Loan Options – A shorter loan term or certain loan programs may come with lower rates.
- Lock Your Rate – Once you find a rate you love, lock it in to protect yourself from market changes.
If you’re thinking about buying in the Black Hills, I’d love to walk you through your options and help you get the best possible rate. The earlier we start planning, the more you can save. Contact Kaylee Hamling, Mortgage Loan Officer at Sentinel Federal Credit Union, today to get started!