The Truth About Rates

While we would very much like to be able to quote interest rates on our web site, we at Avery Financial Group feel it is a disservice to our customers to do so. Please allow us to explain why.

The rate you will receive on your mortgage loan will depend on many things. This includes but is not limited to the following:

• Is your loan a purchase or a refinance?
• If it is a purchase, do you have a down payment?
• If it is a refinance, do you want cash out or just want a lower rate?
• If you want cash out, how much and what is the value of your home?
• Is the home your primary residence or an investment property?
• Is the home a single family residence or multi-family?
• What is your credit rating?
• Are you a First Time Homebuyer?
• If you have less than 20% for a down payment on a purchase, or less than 20% equity in your home on a refinance, will you want borrower paid or lender paid mortgage insurance?

As you can see, the interest rate for a mortgage loan can vary depending on the variables of the loan. If we were to quote a rate on our web site without knowing these variables, we would not be quoting an accurate rate.

We guarantee the rates we offer at Avery Financial Group are some of the lowest you will find for a mortgage loan in all of Eastern Idaho. So please contact us today for a rate quote. Any of our knowledgeable loan officers will ask you the pertinent questions to make sure the rate we quote you is accurate. And if you are shopping other mortgage lenders for rates, make sure they ask you the same questions. If they don’t, you may want to question the rate they quote you.