Credit and You on Home Loan

Subscribe to articles about Borrower's Tips

Your credit score is the most important factor in determining what rate you will get from the lender. Having a healthy credit score has many benefits: higher lines of credit, more lines of credit, and being trusted by credit institutions. To the lender, a high credit score means that you have a history of meeting your financial obligations in a timely matter. This means that lenders see you as less of a risk and reward you with lower rates. A higher credit score also mean that you can borrow more (raising your LTV) without incurring any rate increases or additional fees. Your credit score is important, keep it high and maintain it for the best possible rates.

California Mortgage Rates


Related Articles

February 10, 2015

How to Save Money

How to Save Money Without Really Trying Some of us don't reach our savings goals because the measures we have...

May 23, 2014

Lower Mortgage Rate helps the Housing Data

The housing data released this week reflected improvement With the help of lower mortgage rates April Existing Home Sales posted...

May 21, 2014

Mortgage Back Security

Mortgage rates held almost perfectly steady today despite the potentially important release of last month's meeting minutes from the FOMC...

More Mortgage Articles