When it comes to stated asset loans, interest rates may not be the first thing you need worry about.
Stated asset guidelines are significantly more important because they vary depending by the lender and also because not every lender offers stated asset loans. Borrowers typically look into the guidelines before worrying about the rates.
What You Can Expect From Stated Asset Rates
When you decide to start looking into your options with stated income loans, be prepared to pay a higher interest rate than a conventional loan. This is usually due to the risk associated with stated asset loans. Stated asset rates usually range from 2% to 5% higher than a normal FHA loan.
How to Get the Best Deal on Stated Asset Loan Interest Rates
When you’re shopping around for the right stated asset loan, be sure to be shopping for the best interest rate deal. Shopping for stated asset loan lenders is the most effective and easiest way to save money on your new mortgage. To benefit yourself make the banks compete for your business. It’s important to shop around especially when looking into stated asset loans.
Click the button below and start shopping lenders to help you with your stated asset loan. It will only take a few minutes and will help you get the best possible interest rate on your stated income loan.