Rate Sheet
A rate sheet is a document provided by lenders to mortgage brokers, detailing current interest rates, loan programs, and pricing adjustments based on factors like credit scores or loan-to-value ratios.

Why It Matters
Rate sheets help brokers compare loan options, determine pricing, and provide clients with competitive mortgage solutions.

Key Features
They include rates for fixed and adjustable loans, loan terms, and pricing adjustments, and are frequently updated to reflect market changes. Rate sheets are essential for staying informed and delivering accurate loan recommendations.