Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Find Your Local Branch
Back
Scroll to top

Lowest Mortgage Rates High Point NC

Homebuying 2 min read

Ready to talk to an expert?

Find A Location Get In Touch

Getting the lowest mortgage rate in High Point, North Carolina involves more than just shopping around. First, you need to know how to shop for the best rate.

Shopping for Lowest Mortgage Rate in High Point, NC

There are several things you should keep in mind when shopping for a mortgage rate:

  • Pick a closing date. Mortgage rates are affected by the size of the timeframe allotted for closing the deal. Ask lenders about different closing dates and follow the pattern toward lower rates.
  • Investigate the fees. The lowest advertised mortgage rate is not always the lowest mortgage rate. There are additional fees associated with mortgage rates and it’s important to do some due diligence to uncover the true cost of the loan.
  • Do a controlled experiment. Mortgage rates can fluctuate day-to-day so try to talk to different lenders on the same day to get a true feel for the difference in price.
  • Pay off that card. Most people carry a balance on their credit card but having a balance can negatively affect your mortgage rate. Pay off your credit card prior to having any lenders run a credit check.
  • Show them the money. Perhaps the biggest deciding factor when granting loans is the size of the down payment.
  • Forecast your future. How long do you plan to live in the home? Different mortgages are structured in different ways and getting the some of the best rates can depend on how long you plan to live there.

Visit Your Local First Bank

The First Bank located on North Main Street in High Point, NC has a number of different resources available for anyone seeking some of the lowest mortgage rates. We have a collection of informational articles on mortgages, mortgage experts that offer free consultation, a mortgage calculator and more. Stop by your local First Bank today and get the lowest mortgage rate possible.

———

BankRate: http://www.bankrate.com/mortgage.aspx

BankRate: http://www.bankrate.com/finance/mortgages/down-payment-1.aspx

Ready to talk to an expert?

Find A Location Get In Touch
Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

Couple smiling at each other carrying a moving box with boxes in the background Your Mortgage Has Been Approved. Now Keep it That Way. Even though you’ve been approved, you still need to keep your financial situation in order. Here are a few critical pieces of advice to avoid any issues at closing. 3 min read
Houses made of paper Am I Ready to Buy My First Home? Undoubtedly, one of the most significant financial milestones in life is the purchase of your first home. And there are many benefits to homeownership. 5 min read
Essential Homeowner’s Insurance Life has the ability to catch us off-guard with unanticipated and costly expenses, such as house damage from a fallen tree or basement pipes bursting during the winter season. That’s why homeowner’s insurance is essential for anyone interested in purchasing a home. Purchasing a home is a major life event, so you want to make sure your investment is protected and insured. So, how does homeowner’s insurance work? You pay an annual premium and choose a deductible amount to be paid when you file an insurance claim. That premium is generally paid on a monthly basis as a part of your mortgage. If an event that’s covered by your policy damages your home, such as a fallen tree or fire, you should immediately contact your insurance company to file a claim. The company sends an adjuster to assess all of the damage once your claim is filed. Based on his or her notes, your insurance company will offer a sum of money for repairs, then settle the claim. The amount may be negotiable if you feel it’s not substantial enough to cover the cost of repairing or rebuilding your home. Keep in mind, however, that filing more than 2-3 claims, especially for minor losses, can backfire and lead to an increase in your annual premium. What Kind of Coverage Does Homeowner’s Insurance Include? Without home insurance, it’s likely that you wouldn’t be able to afford the cost of home repairs or rebuilding. With the average cost of a claim coming in at approximately $7,500, even filing one claim in the entire span of your insurance policy can make it worth the protection. Here are some common claims homeowners file: Interior damage—Any accidental damage to your house’s interior is covered by home insurance, including water damage, theft, fire, paint peel, and glass breakage. Exterior damage—A large portion of claims are made up of exterior insurance claims, particularly to repair damage resulting from storms. This kind of claim is particularly applicable to homeowners in wooded or coastal areas who have a higher risk of damage from lightning, wind, or falling debris. Total destruction—While this kind of claim is less common than others, it’s the “most common insurance” offered. The average home value 3 min read
Red bank owned sign in grass How to Shop Bank-Owned Properties Bank-owned properties can be a savvy choice for first-time buyers looking for a deal and for seasoned property investors alike. If you’re up for a challenge and trying something new, here are some tips to help you through the shopping process. 2 min read
First Bank logo
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website are the most popular and useful.