Who has the best intrest rate on a 30 year fixed ,with no buy down points and , have great credit score, ?

Use a search engine and type in the question. You will get a list of lenders and their rates. My guess? You can probably find a 4.5% if you put 20% down. If you can, use a reliable lender like a bank. In the end, you will have a better experience than with a fly-by-night who offers you the moon but usually has strings tied to it.

You might be better served if you would sit down with a mortgage broker and discuss the type mortgage you would want.

You are speaking of a no points no fee mortgage loan. I certainly hope you do not think you are not paying for this mortgage loan. In order for you to be approved for this type mortgage loan the lender would increase the interest rate by as much as .50 over the life of the mortgage loan or until you refinance.

Paying the points and fees out of pocket, up front are a tax deductible item on your federal income tax. You would be able to deduct these points and fees and other closing cost all at one time.

Since you would want a no fee no points mortgage loan,your rate would be a little higher than if you pay the points, fees of the mortgage loan.

Who would have the best interest rate on a 30 year fixed rate mortgage? Since the rates change daily that is a question that is best answered by a mortgage banker./broker.

Though you indicated you have a great credit score there are other factors that would determine your interest rate. This is the amount of debt you have per your credit report versus your annual income prior to deductions. The underwriter would put these two together and produce your debt to income ratio. The lower your ratio the better your interest rate.

All lenders/banks/mortgage brokers/bankers are about the same, they would want to compete for you services, therefore they would provide you with the lowest rate you are qualified for. This would be based on your qualifying factors.

One thing you should do is make an appointment with a mortgage broker/banker. Make a list of all the questions you would have about applying and getting approved for a mortgage loan. Even if you think the questions does not make sense, ask it. The questions you fail to ask now would be no reason or excuse for not paying your mortgage when you find out later there are things about your mortgage loan you found out. Make sure the lender you select is able to do FHA, VA and other mortgage loans.

Before seeing the mortgage banker you would need to find out from them the items you would need to take with you. A few of the things are your last 2 years W-2 and filed federal income, recent pay stubs, bank statements as well as statements from your 401-K plan.

You should allow the mortgage loan officer to explain all programs you are approved for. Because your friend John and Helen has a 30 year mortgage, your current financial situation might call for another mortgage loan. Listen carefully after which you would be able to make an intelligent decision. One mortgage does not fit all.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

A good local newspaper with a Business section should carry information about what mortgage products lenders are offering on a weekly basis. 15 year fixed rates are hovering at about 3.3%, while 30 year rates are higher, which makes borrowing money to purchase residential real estate now incredibly inexpensive historically speaking.

A colleague of mine was talking to Bank of America, is current lender, and Wells Fargo Bank about a re-fi. He thought they were offering the best re-fi deals for his situation.

Better get cracking. I spoke to a Realtor early this morning who has 19 showings today for a home on which she has the exclusive listing. Real estate is coming back slowly but surely. It would come back a lot faster in the absence of a federal regulatory environment that is punitive when it isn't being indifferent to the real estate and mortgage markets, but that's how it is and how will remain without effective political leadership on real estate matters.

In the meantime those with cash and pristine credit, like you, will get very good deals for the foreseeable future.