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

May 23, 2014

Lower Mortgage Rate

Fed Comments Help Mortgage Rates Investors viewed the news from the Fed this week as favorable for mortgage rates A...

May 21, 2014

Ongoing Lock or Float Considerations

The Fed has stayed the course on their 10bln per meeting reduction in bond buying though markets have handled it...

December 30, 2011

Employment and Mortgages

Employment is needed to qualify for a loan since you need to pay the investor back somehow How much you...

More Mortgage Articles