Fixed Rate Mortgage Refinance Loan Siskiyou CA
We shall cover some common questions that Siskiyou CA Mortgage borrowers often ask in the article:
Siskiyou CA mortgage borrowers looking for lowest mortgage rates in California will find the article helpful.
Improving credit scores for Siskiyou CA mortgage borrowers
Most of us understand that credit report is only reflecting the debt and how we are managing our finances. NO, it much beyond that.
You have to understand that we are living in the age of technology where everything is being reported and smart algorithm or computer software have been designed in such a way that they can comprehend borrower’s ability to repay , willingness to repay.
The system is aware. Take it for granted. It is AWARE OF EVRYTHING.
The next question is how do i manage my finances in such a way that the system or Matrix understands that i am a borrower with strong credentials and ability to repay and willing to repay on my debts.
Ideally one would suggest that if you have credit cards. Not to spend more than 50% of the line of credit or to keep it to 30% of the available line of credit or to repay the debt of credit card in full.
Not to carry too many credit cards.
Not to go behind on your debts.
Credit score 640
Credit bureau reports score on a band of 350-850. So if you have a credit score of 640 or around that. It means you have medical collection, late on credit card, late on mortgage, previous bankruptcy filing etc. That however doesn’t mean that you will not qualify for mortgage. Your mortgage can still be done.
Credit score 700
A credit score of 700 is an OK score.
Credit score 720 and above
If your score is 720 and above with certain conditions. You are in the prime slot or getting access to exclusive rates that normal audience looking for mortgage wouldn’t not qualify for.
Call Siskiyou CA mortgage expert below to get you the lowest mortgage rate on your refinance.
For more information visit www.affordable-payment.com or call 323-705-3191 if you are a California Mortgage borrower.
CURRENT REFINANCE RATES MONTEREY CA
Product Rate Change
30 year fixed 3.63% 0.02
15 year fixed 2.99% 0.07
5/1 ARM 3.07% 0.14
Artical by Roger Shanker
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