Why your Baton Rouge home loan rate is higher or lower

While the demand for the actual loan programs are down,  Baton Rouge mortgage applications are way up. Why? Because many people are shopping around for their Baton Rouge home loan, looking for the lowest possible interest rate. Here are some things that can affect your Baton Rouge mortgage loan rate:

• Credit score
• Debt to income ratio
• Credit history (your report)
• National mortgage rates
• Type of Baton Rouge home loan you get (fixed rate, variable rate)
• Length of term for your Baton Rouge home loan

For more on Baton Rouge mortgage loan rates, or for help buying Baton Rouge real estate, contact Glenda Daughety.

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