When applying for a home loan your lender should give you the option to pick and choose your interest rate.
Without knowing your options you may miss out on a Lower interest rate that you can buy down or in some cases you may want to take a higher interest rate and have the bank pay your closing costs.
People sometimes ask why would I want a higher rate? The reason is that with a higher rate the bank can pay some if not all of your closing costs through the loan.
There are many options to either buy your rate down or raise your rate and come up with less money out of pocket. Make sure your lender is giving you all the options!
Please reach out to your Loan Officer or Real Estate Professional for more details.
Make it a great day!