Rate Sheet

Rate Sheet is a document that is typically provided by a lender or wholesale mortgage lender to mortgage brokers. It outlines the available interest rates for various loan programs and provides information on pricing adjustments.

Importance of Rate Sheet for Mortgage Brokers

It serves as a crucial tool for comparing and selecting suitable loan options, including details like interest rates for different loan types and terms, and pricing adjustments based on borrower specifics.

Content of a Rate Sheet

This document typically includes current interest rates for fixed-rate and adjustable-rate loans, loan terms, and adjustments for factors like credit score and loan-to-value ratio.

Utilizing the Rate Sheet

It acts as a reference for mortgage brokers to determine pricing and loan programs for clients, enabling the provision of accurate and competitive mortgage options.

Variability and Updates in Rate Sheets

Rate sheets can differ among lenders and are often updated to reflect market changes and loan program availability, keeping mortgage brokers informed about current offerings.

Grow Your Business

As a mortgage broker, your clients rely on your expertise to find them the best deals. Our Quick Pricer tool can be an invaluable asset in your quest to secure the most advantageous mortgage rates. Be sure to explore our Programs section for additional resources tailored to your needs. If you have specific scenarios in mind, don’t hesitate to request them; we’re here to assist you. If you would like to join forces in providing more value to your clients, become a partner with us. Together, we can empower individuals and families to achieve their dreams of homeownership.