Strengthening your credit. If you are serious about buying a home, or refinance get a hold of me. I have a list of qualified professionals that want to help you attain your goals.
The higher your FICO score, which ranges from 300 to 850, the better interest rate you'll qualify for. The difference between a 4.5% interest mortgage and a 5% interest mortgage can mean tens of thousands of dollars over the life of the loan. Talking to a professional such as mortgage broker or loan officer is like visiting a trainer before starting a weight loss regiment. Know where you are credit wise! Pay off credit cards and resolve any credit disputes or delinquencies. In general, scores between 650-700 will get the average rate. A higher score it will get a great .25% reduction, but a score below that will cause a significant increase in your interest rates.