How Credit can JACK your Home Loan
Just How Much Does Credit Impact Interest Rates? We'll see in today's video. To find out what your interest rate would be call Taum [480] 967-8286 ext 1.
Interest rates and credit definitely go together in the mortgage world. Before you make an offer to buy a house we recommend that you complete the prequalification process first.
If your score is inches away from getting access to a much better interest rate you'll want to know that.
Your credit score is one of the chief building blocks towards a better interest rate loan. If you feel like your FICO score is in quicksand think about the ways you can improve it. Pay down debt; having low loan balances on open credit accounts will vastly improve the access to the best mortgage credit and could open the door to home loan rates that are beyond what you thought possible.
FHA rates are some of the lowest available. Having an acceptable fico is the key to being able to get FHA mortgage rates and loans.