Looking to Sell or Buy? Reach out and lets talk about it, with no pressure or commitments.

  • This field is for validation purposes and should be left unchanged.

How To Get A Lower Interest Rate On Your Mortgage In Athens

Your mortgage is a big investment so you can make one of the most important purchases of your life. But it also can easily be one of the most expensive. Just because you need a mortgage to buy your dream home doesn’t mean there’s no room for negotiation to get the best possible price. Here’s how to get a lower interest rate in Athens.


The better your credit score, the better your interest rates. If you have a lower credit score, lenders see you as more of a risk and charge you a higher interest rate to protect their investment.

Before you begin shopping for a home, get as much of your consumer and interest-bearing debt paid down as possible. Make sure any student, auto, and personal loans are current and get your credit card balances are as low as you can get them.

By law, every adult in America is allowed a free credit report each year from each of the three reporting bureaus – Experian, Equifax, and TransUnion. In the year leading up to your planned purchase, request a report quarterly from one of the three reporting agencies to see how you fare.


Just because you’ve gotten a quoted interest rate from a bank in Athens doesn’t mean there aren’t better options out there.

Sometimes, just shopping around at other banks, credit unions, and mortgage lenders can help you get a lower interest rate. Shopping around is easier now than it ever was before thanks to the availability of online banking information.

If you’ve received a quote from a bank or mortgage lender, consider checking out a credit union. The interest rates at credit unions tend to be a little lower than with other lenders because they have lower fees than traditional banks. They’re also more apt to work with you if you have a below-average credit history.


A great way to get a nice long-term payoff is to put the financial pain up front and pay more down on your mortgage.

If you are able to swing more than the recommended down payment, your lender may view you as a safer investment and give you a break on the interest rate. Even an extra couple percentage points of the total loan price can be helpful.

For larger loans (over $417,000), putting down as much as possible gets you out of the “jumbo loan” category. Jumbo loans are seen by many banks to carry more risk and, as a result, get higher interest rates.


Thirty-year mortgages are the traditional way most Americans purchase their homes, as they offer lower monthly payments. However, if you shorten the repayment terms to 15 or even 10 years, you can trade the higher payments to the principal to get a lower interest rate.

This method takes some careful planning and attention to the amount of mortgage you can afford, but the payoff is great for lower interest rates and even freedom from mortgage payments altogether in less time than with a 30-year mortgage.


This method may seem so simple it can’t possibly work, right? But sometimes the key to getting a lower interest rate is to just ask your bank for a lower interest rate.

The worst they can say is, “No,” but using a little courage to ask can really pay off.

If you have an exceptional credit score (800 or more), ask your lender to either match the lower interest rate of a competitor or to just lower your interest rate based on your credit history. Banks want the business of people with exceptional credit scores, and many will do what they need to to keep you from taking your mortgage elsewhere.

Your Trusted Agents in Athens!

Getting a mortgage doesn’t have to be stressful. Our experienced agents can walk you through the process, helping you get a lower interest rate than you thought possible. Contact us at 706-928-9959 today!

Georgui Kassaev

Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which sparked his passion for real estate. He then rediscovered his first passion performing. After all, he has performed in the circus since he was eleven years old in front of thousands of people and then again when he was an adult as a professional fighter. In 2018 he landed his first 3 television roles. While acting, he continued developing his real estate skills, becoming a value-add investor in the Classic City and then getting his real estate license. He has now become a listing specialist in the Greater Athens Area, working with homeowners to protect their interests and get them the right price for their property! However, he never abandoned his construction roots and works with investor clients to help them buy properties based on their numbers with no aversion to making multiple offers. Georgui is fluent in three languages Russian, Spanish, and English. He is proficient in video production and social media marketing.

Connect With Us!

If you're looking to buy or sell a property connect with us today!

How Can We Help You?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.
    (check all that apply)
  • This field is for validation purposes and should be left unchanged.