Low Advertised Mortgage Rates - The Truth Behind The Deception
Almost everyone has heard the ads on the radio or television for very low mortgage rates. Chances are these advertised mortgage rates sound great and they may even motivate you to call the company and inquire about a refinance. however like anything that may sound to good to be true these low rates normally are, and many people do not qualify for these loans and are instead steered towards a higher rate program when they apply. What Determines Interest Rates The main basis for these interest rates is going to be your credit score. The assumptions of the mortgage company is that you will have a 720 or higher credit score when you apply for the loan. ...
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