Selasa, 31 Januari 2012

Credit score vs. mortgage interest rate...?

Question by Sara: Credit score vs. mortgage interest rate...?
Another house-buying question from me, here...

I was researching this, because I intend to buy a mortgage with a long term and fixed interest rate. My credit score is currently a 620, and my husband's is a 650 (considered "fair", by what I've read). The ballpark I got for mortgage interest rates, at that level, was 7.0-7.5%. Does that seem realistic?

My credit is by no means bad, I have no late payments at all, nothing over

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