🚀 Wondering why that "2% interest rate" from TV ads isn't what you get? In this video, mortgage expert Ronnie Velasquez breaks down the real factors that determine YOUR mortgage interest rate. It's all about RISK—lenders charge more if they see higher default chances. 

Key Factors Explained:

• Credit History/FICO Score: How well you manage debt (not just "no debt").  
• Loan Program: FHA, VA, Fannie Mae HomePath, etc.—each has different rates. 
• Property ZIP Code: Declining markets = higher risk/rates. 
• Automated Approval Type: Full approval gets best rates; "refer" tiers cost more. 
• Down Payment: Bigger down = lower risk/rates. 
• Loan Term: 15-year beats 30-year rates. 
• Occupancy: Owner-occupied < investment property rates.  
• Impound Account: Yes = slightly lower rates (lenders avoid tax/insurance defaults).  
• Investor: Shop Bank of America, Wells Fargo, etc., for best pricing. 

⏰ Timestamps:
00:00 - Why rates aren't "one-size-fits-all"
00:45 - Risk basics
01:15 - #1: FICO & credit
02:30 - #2: Loan programs
03:00 - #3: Property location
...and more!

💡 Pro Tip: Get pre-qualified with your full financials (income, expenses, bank statements) to lock in YOUR rate—not the market's lowest advertised one.  

Ready to buy or refinance? Call Ronnie today for personalized quotes! 📞 [Your Phone/Link Here]

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