Article #: 1
Initials of Content Writer: BDD
Date of Article Creation: 1/14/2017
Company: 1st Capital Mortgage
Keyword: Mortgages in Oklahoma

Mortgages in Oklahoma: How to Get the Best Rate
This content was written for 1st Capital Mortgage

1st Capital Mortgage is the place that you want to go if you’re looking for mortgages in Oklahoma. When you’re looking for a mortgage in Oklahoma whether it be for your 1st house or your 15th house, it is important that you get the optimal interest rate. There are many different things that go into calculating the interest rate that you will get, but there are few of them that you have very dominant control over. In this article we will discuss the ones that you have control over. To contact 1st Capital Mortgage to get started on the mortgage process simply give them a call at 918-274-1519.

The 1st thing that you want to be paying attention to when you’re looking for mortgages in Oklahoma are things that relate to you. In other words, instead of going out trying to find the best mortgage broker who is going to give you the best rate why don’t you instead focus on the things that you can control directly. The things that you can control directly are going to make any mortgage broker or any lender want to give you money and give you money at the best rate. You see what lenders are looking for is people who are going to pay them back. Lenders are in the game of gambling for money.

It may not seem like that but it is. They want to hedge their bets as much as they possibly can. The way that they hedge their bets is they lend money to people who they know are going to pay them back. The people who they know are going to pay them back they are able to lend more money to and they are going to lend it at a lower interest rate. This is because there is far less risk in them lending money to these people than it is to people who have a bad credit score approved for mortgages in Oklahoma.

Two things that you can control that is going to help you get approved for more money and at a lower interest rate. The 1st thing is your credit score. The more you take care of your credit score and the higher you get it the more likely you’re going to be able to get any amount of money within reason that you want at a low interest rate. This is because your credit score is basically telling the lenders how reliable you are in paying back the debts that you have incurred. If you have a high credit score it means that you are very likely to pay back any debt that you incur.

The second thing that you can control is the amount of money that you bring in. The more money that you make and the less debt that you have the better income to debt ratio you will have. This income to debt ratio is a valuable number for lenders to look at. If you make far more than you all then you are somebody who is a low risk investment. Contact 1st Capital Mortgage by calling 918-274-1519 to see where you stack up with your credit score and income.

Article #: 1
Initials of Content Writer: BDD
Date of Article Creation: 1/14/2017
Company: 1st Capital Mortgage
Keyword: Mortgages in Oklahoma

Mortgages in Oklahoma: Pre-Approval
This content was written for 1st Capital Mortgage

Are you on the hunt for mortgages in Oklahoma that are going to give you the absolute best rates possible? When it comes to a mortgage having the rate that is going to save you the most money is critical. Many people don’t understand how much money they actually spend on the interest for their mortgage. To get the best rate in Oklahoma for your mortgage call 1st Capital Mortgage at 918-274-1519. 1st Capital Mortgage is dedicated to making sure that they are able to find the lowest and best rates for their clients.

If this is the 1st time buying your house and thus the 1st time getting mortgages in Oklahoma there are a few things that you need to know. 1st and foremost you need to make sure that you get preapproval before you even start looking for a house. Preapproval of your mortgage is going to help you understand the amount of money that you’re going to be able to get if you are to find the house of your dreams. You don’t want to be looking in a category of housing that is going to be higher than the amount of money that you are going to get approved for. This is a critical piece of the puzzle when you are looking for a house as you do not want to find a house that is perfect but you cannot afford.

The preapproval process is somewhat painless and it will give you an idea of what type of house and how much of house you should be looking for. This is a critical piece of the puzzle that you do not, I repeat, you do not want to ignore. All you have to do is go to www.1stcapitalok.com to get an accurate quote after filling out a form that takes about thirty seconds. You don’t even need to put in your Social Security number to get an idea of the size of mortgage that you’re going to qualify for. This is going to give you a great starting point for the purchase of your 1st home.

The next thing that you need to take into consideration is your current credit score and how much money you make. This, of course, is going to factor into how much money somebody is willing to lend you for your mortgage however it is even more importantly going to factor into your interest rate. The interest rate is a unique thing that some people forget to look at in depth. A mortgage is typically a 30 year loan. Over the course of 30 years even a small interest rate can add up to be a significant amount of money. This is why you have to be very careful about fighting for every single point you can when it comes to your interest rate.

To start the process of looking at mortgages in Oklahoma call 1st Capital Mortgage at 918-274-1519. 1st Capital Mortgage is going to help to ensure that you get the best rate you possibly can for your mortgage. If this is your 1st time buying a house make sure that your credit score and your income are looking as good as they possibly can at this stage in your life. By having your income high to your debt ratio you’re going to be able to have a lower interest rate which is going to save you money in the long run. Again, call 1st Capital Mortgage today to see what you can qualify for.