This article is about Shopping Mortgage Interest Rates With Bad Credit And Low Credit Scores Mortgage Rates recently hit a 3 year low. Many industry experts are expecting lower interest rates due to the Federal Reserve Board announced they will not increase interest rates. Ever since the Federal Reserve Board lowered interest rates to zero […]
This Article Is About Calculating Annual Percentage Rate On Home Mortgage Transactions An FHA Loan or VA loan, which typically adds on the upfront mortgage insurance premium to the mortgage balance, will rise the effective annual percentage rate, also referred to as APR, for that amount is now a finance cost. Calculating Annual Percentage Rate can […]
This BREAKING NEWS Article Is About Investment Property Conventional Loans Having Tighter Restrictions From Fannie Mae And Freddie Mac Breaking News from mortgage giant Fannie Mae on Wednesday, March 10th, 2021 about Investment Property Conventional Loans. Fannie Mae and Freddie Mac are the two mortgage giants in the United States. The role of Fannie Mae […]
This Article Is About Mortgage Rates With Bad Credit And Low Credit Scores: Mortgage Rates With Bad Credit does not impact mortgage rates. Lenders often make mortgage interest rate adjustments called Loan Level Pricing Adjustments. Loan Level Pricing Adjustments are often referred to as LLPA. The biggest factor that affects mortgage rates on government loans […]
This BLOG On Buying Down Interest Rates With Discount Points On Mortgage To Meet DTI Requirements: Lenders will charge higher mortgage rates to those seeking a home loan with bad credit, especially for conventional mortgage programs. Conventional mortgage programs are extremely credit-sensitive. The minimum credit score required for borrowers to qualify for conventional loans is […]
This Article Is About Mortgage Rates Are Still At Historic Lows On Purchase And Refinance: The Dow Jones Industrials have dropped as low as 18,000 during volatile trading from February 2020’s high of 29,000 due to the coronavirus pandemic. The pandemic caused over 43 million Americans out of work. Now the Dow Jones is over […]
With the consumer price index increasing to 5.4% from twelve months ago, this signals high inflation rates around the corner for the economy. What this means is high mortgage rates. Homeowners should seriously consider refinancing their current rates and take advantage of today’s historic rates.
VA loans have no minimum credit score requirements nor maximum debt to income ratio cap. Gustan Cho Associates can qualify eligible borrowers for VA loan with no minimum credit score requirement or maximum debt to income ratio cap as long as they can get an approve/eligible per automated underwriting cap.
In general, borrowers buy down mortgage rates to get a lower rate on their home loans. However, there are instances where borrowers need to buy down rates due to loan level pricing adjustments due to lower credit scores
This Article Is About Mortgage Rates On Bad Credit Loans Are mortgage rates on bad credit loans higher? Having bad credit does not affect mortgage interest rates Credit Scores do This is especially true on Conventional Loans Conventional loans do affect mortgage interest rates more so than government loans In this article, we will discuss […]
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