The better your credit score, the lower your interest rate!
With current interest rates, a homebuyer with a FICO score of 760-850 (
and 850 is the highest score available) your loan rate may be 3.277%
APR. With a lower score of 620-639 you might expect 4.878% APR. On a
30-year fixed rate mortgage of $150,000 that could be a difference of
$139 a month in your mortgage payment. To see how your credit score
could effect your loan amount visit
www.myfico.com/myfico/creditcentral/loanrates.aspx
Austin, Texas. Robin Scott, BROKER. Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist. 512.589.7988.
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Buying or selling? Hire an experienced professional. Call
Robin Scott, Broker at
512.589.7988.
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