How to Compare Mortgage Rates in 2023

5 min read   •   Dec 28th, 2022 - 13:28

How to Compare Mortgage Rates in 2023

Nathan Kowarsky

Written by

Nathan Kowarsky

Comparing mortgage rates is an important step in the process of buying a home. The interest rate on your mortgage can have a significant impact on the overall cost of your loan, so it is important to shop around and compare rates from multiple lenders to find the best deal. Here are some tips for comparing mortgage rates:

  1. Know your credit score: Your credit score is one of the main factors that lenders use to determine your mortgage rate. If your credit score is high, you may be able to qualify for a lower interest rate. Make sure to check your credit score and take steps to improve it if necessary before shopping for a mortgage.

  2. Consider the type of mortgage: There are several different types of mortgages available, each with its own set of features and benefits. Fixed-rate mortgages have an interest rate that remains the same throughout the life of the loan, while adjustable-rate mortgages (ARMs) have an interest rate that can fluctuate based on market conditions. Be sure to consider the type of mortgage that is right for you.

  3. Compare mortgage rates from multiple lenders: Don't just settle for the first mortgage rate that you come across. Instead, take the time to shop around and compare rates from multiple lenders. This will help you to get a better understanding of the mortgage rate landscape and allow you to find a mortgage rate that works for you.

  4. Look beyond the interest rate: While the interest rate is an important factor to consider, it is not the only factor. Be sure to also consider other fees and charges associated with the mortgage, such as closing costs and origination fees.

  5. Consider the term of the mortgage: The term of the mortgage is the length of time that you will be paying off the loan. Generally, mortgages have terms of 15, 20, or 30 years. A longer term means lower monthly payments, but it also means paying more in interest over the life of the loan.

If you're in the market for a new mortgage, it's important to take the time to compare rates and find the best deal. For more information and personalized assistance, consider reaching out to Orange County Mortgage Broker, Nathan Kowarsky at Clear Mortgage Capital. Nathan and his team can help you navigate the mortgage process and find a mortgage that meets your needs and budget.

Nathan Kowarsky

Nathan Kowarsky

CEO NMLS: 294599

As CEO, Nathan understands the needs of his clients, and creates a plan to meet them. It’s that intuitive sense – intersecting with his deep expertise – that drives results.

During the course of his career, Nathan has funded more than 7,000 home loans. It is based on that knowledge that he walks clients through each step of the process, and trains his staff in the same standards and methodologies.

Nathan’s philosophy is straightforward: professionalism and competency require integrity and honesty. Those principles infuse the leadership he brings to Clear Mortgage Capital (CMC). Positioned as a subject matter expert, and acknowledged as an industry leader, Nathan understands that growth is not sustainable without delivering quality service and actively shaping CMC’s corporate culture.

In May 2022, Nathan received the 2022 Visionary Innovation award from the Association of Independent Mortgage Experts.   Following suit, in October 2022, LA Times awarded Nathan as 2022 OC Visionary in the finance/banking category.   Nathan has also been featured on ABC7 LA as a subject matter expert, commenting on recent market conditions. 

Prior to founding CMC, Nathan spent four years as President of E Capital Mortgage. During that time he oversaw over 700% growth. Previously, Nathan served as a senior mortgage banker, loan officer, and trainer for several industry leaders, including LendingTree, Nationstar Mortgage (now Mr. Cooper), and loanDepot. He holds a Bachelor’s Degree in Business Administration and is affiliated with the California Bureau of Real Estate and Orange County Association of Realtors. Recently, Scotsman Guide ranked Nathan among the Top 10 mortgage lenders in Irvine, California.

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