Things such as your credit score, your debt-to-income (DTI) ratio and the ratio of your mortgage divided by your home’s value (loan-to-value ratio, or LTV) after refinancing affect your eligibility and your interest rate. Even the amount of cash you have in the bank could affect your ability to refinance a loan.
The general rule of thumb has traditionally been that you need a FICO credit score of 720 to obtain the best mortgage rates. Unfortunately, that's.
Mortgage With Fair Credit: Yes, It’s Possible. Many people with fair credit think they can’t get a mortgage. After all, those with fair credit are not among the credit score elite – those.
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Your credit score plays an important role in the interest rate you pay, and whether you can qualify for a mortgage. Here’s what you need to know about your credit score.
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