What Happens When Interest Rates Rise 1%?

What is rising interest rates doing to home mortgage payments? What happens when Interest rates rise a half percent? How about one percent? Does it make a difference? What effect will rising interest rates have on your mortgage qualifications? 

LeaderOne Financial Corporation is Regulated by the Minnesota Department of Commerce, License # MN-MO-1200. Licensed by the Florida Office of Financial Regulation, License# MLDB4422. Regulated by the Division of Real Estate. Licensed by the North Dakota Department of Financial Institutions, License #NDBR1236806. Licensed by the Wisconsin Department of Financial Institutions, License # 43800BA and 12007BR. Licensed by the Arizona Department of Financial Institutions. Mortgage Banker License # - 0918657. Licensed by the Indiana Department of Financial Institutions. First Lien Mortgage Lending License #18715. Licensed by the Missouri Division of Finance, License #17-1776. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. License# 4131276. Corporate Headquarters: 7500 College Blvd. Suite 1150, Overland Park, KS 66210NMLS ID #12007 http://www.nmlsconsumeraccess.org.  Toll Free (800) 270-3416. This advertisement does not constitute a loan approval or a loan commitment. Loan approval and/or loan commitment is subject to final underwriting review and approval.  Corporate Headquarters: 7500 College Blvd., Suite 1150; Overland Park, KS 66210, NMLS ID 12007 This advertisement does not constitute a loan approval or a loan commitment. Loan approval and/or loan commitment is subject to an underwriting review and approval.

Tim Erickson, CMPS

Branch Manager, NMLS 322510

LeaderOne Financial Corp. NMLS 12007

P: (952) 451-2273

F: (612) 866-3358

701 4th Ave S Ste 1500 Minneapolis, MN 55415

TimErickson@leader1.com

www.TimEricksonMortgage