![]() |
Good FICO Credit Score? Tips to Getting the Most Out of Your Home Mortgage Loan With Good CreditSometimes so much is talked about how to solve the problem of having bad credit, but what about when you have an excellent credit rating? Good credit is considered to be a credit score of 650 or higher. How can you get the best interest rate and loan terms to make your good credit history work for you? Even with excellent credit, you have to be careful not to get talked into a loan that may not be the best one you could qualify for. Here are some tips to help you find the best loan for your great credit history: 1. Apply with as many mortgage companies online that will provide you with more than one quote per application, as long as they will not pull your credit with your application. If you are about to start applying for a mortgage, you don't want to have your credit pulled until you have narrowed down which mortgage company you want to work with. Every time your credit is pulled, your FICO credit score drops. 2. Talk to your lender about closing costs. If you have excellent credit, the lenders should be falling over themselves to get you a loan. Ask for special treatment. Find out what fees your broker or lender may be able to reduce or remove from your closing costs. Find out if they will match lower fees offered by another lender. 3. Make sure your lender is offering you excellent customer service. Are they returning your calls quickly? Are they answering all of your questions to your satisfaction? Have they thoroughly researched all of your loan options and offered you more than one possibility? If they haven't, you should probably look somewhere else. With good credit, you have no reason to be a quick, easy sale for a lender. 4. Research interest rates, mortgage information and articles online so that when your lender offers you a loan package, you will know about the fine print ahead of time. Whether you are purchasing for the first time or refinancing, it will help you to understand more about the mortgage process. To view our list of recommended purchase or refinance mortgage
companies online, visit this page: Carrie Reeder is the owner of ABC Loan Guide, an informational website about various types of loans.
Mortgage Refinance Rates Fall for Most Loan Types Investopedia Mortgage and refinance rates today, July 26, 2024: Rates are well below their 52-week averages Yahoo Finance Mortgage Interest Rates Today, July 26, 2024 | Rates Steady After Falling Earlier This Month Business Insider Mortgage and refinance rates today, July 24, 2024: Rates have staggered since last week Yahoo Finance Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equity - CNBC Joe and Jill Biden refinanced their Delaware home 20 times — raking in $4.2M from the $350K property New York Post Average Mortgage Interest Rates: Mortgage Rates by Credit Score, Year, and Loan Type Business Insider Mortgage Recasting: What It Is And How It Works Bankrate.com How to Refinance Your Mortgage NerdWallet Current 15-Year Mortgage Rates Business Insider Current Mortgage Trends: Are Mortgage Rates Going Down? Business Insider Jumbo Loan: Definition, Rates, and How to Qualify Business Insider 15-Year Mortgage Refinance Rates: Compare Current Rates Business Insider Best Mortgage Refinance Lenders of July 2024 Business Insider How Much Does It Cost to Refinance? Average Closing Costs by State Business Insider How To Refinance An Underwater Mortgage Bankrate.com FHA Refinance Rates: See if You Could Lower Your Rate Business Insider Mortgage Interest Rates Today, July 24, 2024 | Rates Hold Steady Business Insider Rocket Mortgage Review 2024 Bankrate.com Current VA Refinance Rates: See if Refinancing Is Worth It Right Now Business Insider Understanding 30-Year Mortgage Rates: A Comprehensive Guide Business Insider Today's Mortgage Rates by State - July 24, 2024 Investopedia Best Refinance Lenders of July 2024: Refinance Your Mortgage The Motley Fool Refinance Rates Today: Compare Mortgage Refinance Offers Business Insider What current mortgage refinance rates mean for your situation CNN Underscored Mortgage Points: What Are They And How Do They Work? Bankrate.com Current Home Equity Loan Rates: Your Guide to the Best Rates Business Insider Assumable Mortgages 2024: How They Work, Benefits, and Insights Business Insider Mortgage Interest Rates Today, July 21, 2024 | Rates Are Down This Month. Will They Continue to Drop? Business Insider Refinance applications increase despite overall drop in mortgage activity Mortgage Professional Real Estate Housing Market 2024: Will Home Prices Drop? Business Insider Is it Time to Refinance Your Mortgage? That Depends on When You Closed The Wall Street Journal Mortgage refinance demand jumps to two-year high Morning Brew Should You Refinance Your Mortgage In 2024? Bankrate.com MBA: Mortgage Applications Decreased in Weekly Survey Calculated Risk Mortgage Rate History: 1970s To 2024 Bankrate.com How To Get The Best Refinance Rate Bankrate.com 30-Year Mortgage Refinance Rates Business Insider Tremont Realty Capital Announces the Closing of a $27 Million Mortgage Loan to Refinance an Industrial Property in Wayne, PA Business Wire Do I Need Money Down To Refinance My Mortgage? Bankrate.com Discover Home Loans Review: Learn About Discover Home Equity Loans and Mortgage Refinancing Business Insider Housing Market Predictions 2024: What Homebuyers Should Know Business Insider Types of Mortgage Refinance Options Bankrate.com Cash-Out Refinancing: What It Is, How It Works Bankrate.com Cash-Out Refinance For Home Improvements Bankrate.com Should You Refinance Halfway Through Your Mortgage? Bankrate.com What Credit Score Do You Need To Refinance? Bankrate.com Mortgage Interest Rates Today, July 22, 2024 | Rates Are Dropping. How Low Could They Go? Business Insider Are Cash-Out Refinance Rates Higher? Bankrate.com Loan Modification Vs. Refinance Bankrate.com Best Student Loan Refinance Companies of 2024 Business Insider Refinance Requirements: What You Need to Refinance Your Home in 2024 The Mortgage Reports 15-year refinance rates: Pros, cons and current lenders offers CNN Underscored Should You Refinance To A 15-Year Mortgage? Bankrate.com Pros and Cons of a Cash-Out Refinance Bankrate.com
|