Obtaining the best mortgage loan rate, relies on a very good credit score and history, as well as verifiable stable income and debt ratios. It is recommended to get your rate locked in, as soon as your loan is approved; however, there are some provisions for buyers with a locked-in rate, to get a lower rate, if rates go down. https://realtytimes.com/mortgage-advices/item/1034705-what-are-float-downs? For more information on selling, buying or renting a property, contact Miriam Hernandez, Broker/Owner, ELC Real Estate 305-804-9394, elcrealty@gmail.com www.elchomes.com.
