bad credit: Credit Scores and Mortgage Rates - When GOOD isn't GOOD enough.
- 07/14/09 05:57 AM
Remember the days when a 700 credit score would get you the red carpet treatment and a 5% interest rate would line up so many clients the carpet would be threadbare? Not so in today's real estate arena. A 700 credit score gets you past the 1st step of qualifying, then comes the next step in what can be a gauntlet of qualifying parameters. The 5% rate is appealing to those who recognize it for what it is....a 30 year low...while others wait for the pending rate implosion that may never take place. The point is that lending parameters are ever changing and … (0 comments)
Remember the days when a 700 credit score would get you the red carpet treatment and a 5% interest rate would line up so many clients the carpet would be threadbare?
;)
;)
