How High Would be My Mortgage Rate?

Sydney Hahn, Loan Officer

It is natural, when considering the purchase of a home, to want to know in advance how high would be your mortgage rate. Sydney Hahn, Loan Officer at Cliffco Mortgage Bankers, explains why it is impossible to get a reliable answer to this question from any one in the banking industry without preliminary steps.

"As loan officers", says Sydney, "we sometimes receive calls from prospective home buyers who just 'want to know the rate' but refuse to provide us any information."

Loan officers can't communicate a reliable number without knowing the basics of your financial situation. How much will you put down? How much do you earn? What is your credit score? Are you on a W2 or a 1099?

Many factors will determine the mortgage rate you get. Open up to a qualified loan officer. You are making no commitment, and your information is protected by law. But to get a reliable answer to this important question, you need to share some personal information.

The loan officers are Cliffco Mortgage Bankers devote their time to helping people acquire a home that makes sense to them. Consult with our qualified loan officers by calling our office. We are located in Uniondale, NY, and we serve the entire Long Island, NY market (as well as other markets in other states).

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