fbpx App Store Google Play
ALERT: We will never text you a link to click on to cancel or verify a payment or purchase.   Learn More

4 Tips on Snagging a Lower Interest Rate Mortgage

Updated: May 26, 2023

A common and unfavorable theme for homeowners is a high-interest rate mortgage. Mortgage rates fluctuate, so it’s easy to end up with a high rate, but you don’t have to stay stuck in one. We’ve outlined a few steps on how to snag a lower-interest-rate mortgage.

1. Improve Your Credit Score

Always work on raising your credit score. This will improve your chances of obtaining a lower rate.

Credit score
credit cards

2. Don’t Apply For New Credit

Applying for new credit, such as credit cards and personal loans, can increase the chance of a higher mortgage rate when refinancing.

3. Don’t Change Jobs

Job stability is important because employment verification is required for the refinancing process. Launch requires 2 years of employment history.

employment
signing a document

4. Don’t Cosign on a Loan

It’s important not to cosign for anyone’s loan; including car, personal, and school loans. Don’t forget this includes co-signing for a family member’s lease.

These tips will start you on the right path to snag a lower-interest-rate mortgage. If you’ve checked these tips off your list and you’re ready to refinance, let Launch help. Here at Launch, we don’t sell your loans, we will always service your loans. Another great benefit of refinancing with Launch is being able to visit any of our branches and receive on-the-spot help regarding your mortgage. You’ll talk with a Member Service Representative and then be connected with a home loan specialist who can make sure you’re fitted with the right loan. Launch will be with you every step of the way.

You can apply online or stop into one of our Launch branches to talk with a Launch Member Service Representative about the mortgage refinancing process.

For more information on Mortgages, click HERE.

Related Posts

February 22, 2024
Smart Ways to Use Your Tax Refund If you're expecting a tax refund this year, consider smart ways to use your tax refund so you can set yourself up for financial success.
January 26, 2024
Watch Out for These Valentine’s Day Scams As Valentine's Day approaches, so does the number of online scams. We dive into the common scams you should look out for in February.
December 26, 2023
Goal Setting Strategies For the New Year Whether your goal is personal development, career advancement, or a healthier lifestyle, effective goal setting is the key to success.
Visit any branch location to open your account. For questions call 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard).
Back to top