Mortgage rates are interest rates charged on a loan used to purchase a home. These rates can vary significantly between lenders, influenced by factors such as your credit score, the loan amount, and the term length. Securing a lower rate can save you thousands of dollars over the life of your loan, making it essential to explore different options and negotiate effectively with lenders. Your credit score plays a significant role in determining the mortgage rate you are offered. A higher score indicates to lenders that you are a reliable borrower. To get more info visit here #mortgagebrokerrichmondva