WHAT’S YOUR BEST RATE?
You know at one time I could give you a quote over the phone and not worry that I would be too far out. Today is a totally different story, here are some of the variables that come into play. 1. What’s your credit score? A 700 FICO score is the new 650 for many lenders as their investors demand better quality borrowers. 2. Where is the property located? Rural areas are getting harder to finance. 3. Is it an insured file, are you putting less than 20% down payment? 4. Is it insurable? Are you putting down more than 20% on the purchase...