They Aren't "Giving" You a Lower Rate... You are Buying It!
With rates on the rise, many lenders are advertising lower rates to draw people in. This often comes at a cost to the borrower. Read to learn more! Is that Advertised Rate Accurate? With rates on the rise, many lenders are advertising lower rates to draw clients in. Many times, however, there are parameters for a borrower to qualify for this rate. In addition, this rate may come at a cost to the borrower. To determine this, you need to know about the par rate. At the par rate