Just Approved: Lenders extend pricing incentives for home purchase

Mortgage adviser: Dominique Stevens, Mayfair Mortgage Advisors.

Property type: Single-family home in Pinole.

Loan amount: $475,000.

Loan terms: 30-year fixed rate loan.

Loan rate: 2.625%.

Backstory: Currently, some lenders are offering pricing incentives, i.e., lower rates, for those making a property purchase.

Our couple were pre-approved by us to purchase their new home. With rates at historic lows, we were able to pre-approve them for a larger loan amount than we had done last year. They found just the perfect property and submitted their offer which was accepted.

Whilst we were processing their loan and preparing for the closing, our lender extended this new, purchase discount, and we were able to lock in the lowest rate that we have ever seen.

Now is a great time to purchase a property. Interest rates are the lowest that have ever been available to consumers. And the mortgage lenders that we work with embrace technology to make the process of financing the home seamless and stress-free. It has never been faster, easier, or cheaper to obtain a mortgage.

Dominique Stevens, Mayfair Mortgage Advisors, 415-250-8908, dstevens@mayfairmtg.com.