Posted Rate
The posted rate is a lender's standard advertised interest rate for a mortgage. Hot tip - you may be able to negotiate to obtain a lower interest rate. The Posted Rate is primarily used for calculating Debt Service Ratios and Prepayment Penalties. Not many mortgages are originated at the Posted Rate.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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