How do I get the lowest rate on my mortgage?

5 min read   •   Jan 26th, 2023 - 17:01

How do I get the lowest rate on my mortgage?

Nathan Kowarsky

Written by

Nathan Kowarsky

When it comes to buying a home, one of the most important decisions you'll make is how to finance it. And one of the most important factors to consider when financing a home is the mortgage rate. A lower mortgage rate can mean significant savings over the life of a loan, so it's important to learn how to get the lowest rate possible. In this blog post, we will be answering the question "How do I get the lowest rate on my mortgage?" and recommend contacting Orange County mortgage broker Nathan Kowarsky at Clear Mortgage Capital for personalized guidance.

  1. Improve your credit score: Your credit score is one of the most important factors that lenders consider when determining your mortgage rate. A higher credit score can mean a lower mortgage rate, so it's important to work on improving your credit score before you apply for a mortgage. This includes paying off any outstanding debts, avoiding applying for new credit, and disputing any errors on your credit report.

  2. Shop around: Don't just go with the first lender you come across. Instead, shop around to find the best mortgage rate. Compare rates from different lenders, including banks, credit unions, and online lenders. Don't be afraid to negotiate, either. If you find a rate you like, but it's not quite as low as you'd like, ask if the lender can do better.

  3. Consider a shorter loan term: The longer the loan term, the higher the interest rate will be. By choosing a shorter loan term, you may be able to get a lower mortgage rate. Keep in mind, however, that a shorter loan term also means higher monthly payments.

  4. Make a larger down payment: The larger the down payment you make, the less risky you are to the lender. This can lead to a lower mortgage rate. If you can afford it, consider making a larger down payment to get a better rate.

  5. Get pre-approved: Before you start looking for a home, get pre-approved for a mortgage. This means that a lender has reviewed your financial information and determined that you qualify for a certain mortgage amount. This can make you a more attractive borrower to sellers and can also give you more leverage when negotiating a mortgage rate.

  6. Contact Orange County mortgage broker Nathan Kowarsky at Clear Mortgage Capital: Nathan Kowarsky at Clear Mortgage Capital is an experienced Orange County mortgage broker who can help you navigate the mortgage process and find the best mortgage rate for you. He can also help you with the pre-approval process, and provide you with personalized guidance throughout the entire process.

In conclusion, getting the lowest mortgage rate is not a one-size-fits-all solution. It depends on your personal financial situation, credit score, and the current market conditions. However, by following the tips outlined in this blog post, and by contacting Orange County mortgage broker Nathan Kowarsky at Clear Mortgage Capital, you can increase your chances of getting the best mortgage rate possible. Remember, a lower mortgage rate can mean significant savings over the life of a loan, so it's worth taking the time to find the best rate for you.

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.

See Nathan's reviews here:

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