Does anyone out there know about NVR Mortgage rates?

alanj answered 4 months ago …

Mortgage rates for the individual borrower is on a case by case basis. Your FICO score, annual income, length of employment with your current employer, etc. is used to determine your mortgage rate. The points that are charged is to get a lower rate. If you don't want to pay the points you will get a higher rate. Pay the points to get the lower rate. You will save over and beyond the points you pay in the long run. Unless, you intend to sell your home in less than 5 years.
When applying for a loan shop around for the best rate you can get. Go through a bank or credit union. If you can't qualify there and this is for a home purchase, not a re-mortgage, you probably shouldn't be buying a home. That's what caused the financial melt down, giving people loans who should not have been given too. If this is for a re-mortgage and you can't qualify at a bank, then try other lenders (mortgage companies) to get the best rate you can.
Rates that you see advertised are for the best borrowers with excellent credit and income. (The Donald Trump's and the Warren Buffet's type would be an example.) Bottom line: Shop around for the best rates. Eloan might be one option to try. http://www.eloan.com/