The lower your scores the higher your interest rate will be.
You can work with a third party company that helps you improve your score or look for free resources with Equifax, Experian, and TransUnion.
We can provide a consultation. If you choose to do your loan with me, when we pull your credit report, I can review it to help you build it up if need be.
The more money you can save for a larger down payment, the less your interest rate and monthly mortgage may be.
Of course, we know that putting down more money upfront isn’t always feasible. It can prolong the homeownership process and divert savings from other potential investments and payments.
But we want you to be aware that there is down payment assistance out there that takes into consideration your unique circumstances. So it's worth learning about such programs that can give you an extra boost for financing a home.
Be sure to check your eligibility below!
If your loan to value is over 80% or a FHA loan, then you are going to need mortgage insurance.
For those refinancing, you might have paid enough to take your mortgage insurance out, but they might not have told you!
We can help you figure it out!