Current Interest Rates

How current are the rates on this site?
The rates you'll see on our site refer specifically to our exclusive loan products, such as our equity loans. These rates are not indicative of where mortgage rates are in general. These are special rates for loan programs that typically offer lower rates than traditional 30-year fixed-rated loan products. Please remember, rates are susceptible to market conditions and can change quickly.

Why are your rates different from those in the newspaper?
If you compare our loan rates to those in newspapers and other print publications, please bear in mind that the rates in these publications may have been reported one or more days ago (sometimes a week ago with a Sunday paper), and may no longer be available.

• Rates on this site are updated each business day, and often several times a day. Consumers that have loan shopped extensively have told us that we offer some of the most competitive rates around-both on and off the Web.
• Note that the rates resulting from the Inter-Lake Mortgage Company, LLC
  Loans Application Starter are personalized according to answers you give us. Newspaper rates are not tailored to your individual needs and circumstances.

How is my information used to come up with loan options?

• Based on the information you provide us in the Application Starter, Inter-Lake Mortgage Company, LLC
  Loans searches its vast database of currently available loans to determine which of them offers you the most attractive financing options at the lowest cost.
• We scan to decide which loans match your preferences and financial situation. Then we sort through these loans to display the most attractive loans to you based upon your preferences.

How important is the loan to value ratio?
The loan-to-value ratio or "LTV" shows how much equity you have in your home. Equity is the difference between how much your home is worth and how much you owe on it. For instance, if your home is worth $200,000 and you owe $130,000 on your mortgage, you have $70,000 worth of equity in your home. Lenders' experience is that the higher the loan to value (which means the lower the equity) the greater the risk the borrower may default on the loan. Therefore, LTV is important for lenders in accessing a borrower's borrow-worthiness, so to speak.

The following will affect your interest rate.

Can I get home financing without paying points or closing costs?
Yes. We offer a wide variety of home financing programs, which give you a lot of options, including no points and no closing costs. When you speak with a Loan Consultant be sure to mention you're interested in learning more about our no points and no closing costs options. They'll be able to find you a program that's right for you

Are the pre-qualification and pre-approval services free?
There is no charge for getting pre-qualified or pre-approved. You are not under any obligation to use this site to apply for a loan, even if you use it to review interest rates and terms for a variety of loans or to get pre-approved or pre-qualify for a loan.

Can I get a loan if I live outside the United States?
Yes, as long as certain criteria are met. Typically, you must be a U.S. citizen with established credit and income history. We can occasionally assist borrowers who are not U.S. citizens if the home being financed is a primary residence. Additionally, the property must be located in the 50 United States or the District of Columbia. Please keep in mind that each individual situation is unique and is best addressed by speaking with a loan counselor directly.

How do I stop receiving www.InterLakeLending.Com Loans promotional e-mails?
We give you the opportunity to control the use of your personal information for purposes other than to fulfill your request or as is required to process, close and subsequently service your loan. We will provide you the opportunity to opt-out of secondary uses of personally identifiable information you provide us, whenever we gather it.