Products and Rates

If you’ve been using the Internet to search for a new mortgage, you’ve probably noticed that many websites have tables full of rate and fee information followed by pages of fine print. 

At UMAX Mortgage, you’ll find that we’re different.  We are Mortgage Advisors affiliated with a vast array of local and national lenders.  This allows us to access hundreds of different loan programs to effectively match our clients’ needs.  We continually monitor lenders, interest rate trends, and the financial markets so we can offer our clients the lowest interest rates possible in the marketplace. 

Asking a lender, “What’s your rate?” is similar to asking an insurance agent for a quote for auto insurance.  There are so many other factors involved that the agent needs to ask the right questions before assessing the risk in insuring your vehicle.  Your age, driving record, average miles you drive each day – all play a part in determining how much your insurance will cost. 

The interest rate you acquire depends upon many factors: loan type, loan amount, credit rating, and most importantly, the costs you pay. Generally, the more costs you pay the lower your interest rate. But does it make sense to pay costs to “buy down” your interest rate? The answer to that question depends primarily on the length of time you intend to keep the loan and the anticipated direction of interest rates.

It’s fairly easy to call a multitude of mortgage companies and have them quote you a generic low-ball rate. In the end, what you receive may vary greatly from what you thought you were getting. The importance of working with an experienced Mortgage Advisor can not be overlooked. That’s where the educated and experienced UMAX Team comes in. Take a moment to contact one of our Advisors, it’s the first big step in assuring yourself a sound and quality transaction.