Rates
Naturally, everyone would like to know the lowest rate available on a mortgage. Some people will move from site to site, or phone many Lenders seeking that magic number. Champion Mortgage Inc., Your Answer to Low Mortgage Rates! There are many things to take into consideration when quoting a rate. Quoting the day’s lowest rate does not necessarily guarantee you that rate. We at Champion discuss your needs and financial situation to find you the best rate for your qualifications. Now that makes sense, doesn’t it?
OAC means On Approved Credit
On Approved Credit refers to your credit worthiness taking into factors such as:
- Personal credit history **Credit Report / Beacon Score
- Type of property to be financed
- Type of loan
- Term of loan
- Amount of loan
- Assets and liabilities
**Credit Report
- A Credit Report is a mandatory requirement for all Lenders.
- It tells a Lender how well you repay your debt.
- The higher your beacon score the better your credit rating.
- Your beacon score is determined by your ability to repay loans and credit cards on a timely basis. It is very important to meet your payment deadlines and make those monthly payments even if you intend to pay off a credit card or loan a few months down the road. Do not skip or miss payments.
Champion Works For You! Not The Lenders.
Champion has access to over 33 Lenders including Major Banks, Trust Companies, Mortgage Companies and Private Lenders. Champion will find the best rate available for you. Rates are updated on a daily basis. Rates are held for 90 to 120 days from date of application.
Some Lenders offer Timely Specials, which could be available to you.
Champion Works For You!