Low interest rate home loan?

Who offers a low interest rate for home loans?

Go to a major loan institution or another

Realtors, have you ever been surprised how high your client's home loan interest rate was? How high was it?

Eek! lol... Thanks for answering!

A couple of times. Always when they had used a lender that I had never worked with. I have seen rates in the 8-11% range in the past several years.

Whats the best and quickest way to pay off high rate second loan on first home purchase?

I just purchased purchased my first home for $181,900. I put 10% as a down payment$18,400 plus $500 earnest money. I had only 10K on hand a had to borrow the other 8K from another lender. My question with the 10% down payment does that give me some kind of equity if so when can I refinance to get some cash to pay off the high interest 8K loan. Or could I get another loan at a lower rate and pay off the higher rate loan. I need some advice on the best way to go about this. Because we can handle the mortgage and the loan but want to get out of it as soon as possible. All serious suggestions are appreciated

You can refinance your mortgage any time that you would like in order to get rid of that high rate 2nd mortgage. You can either try to refinance both mortgages together into one or you can simply refinance the 2nd mortgage only. However, what you want to look out for is: 1. make sure you do not have a pre-payment penalty on your current loan that you are refinancing. 2. make sure the deal will actually save you money and is in your best interest 3. make sure you refinance to a fixed rate with the uncertainty of interest rates right now and for the next few years.