How Credit Scores Impact Mortgage Applications

If you have a poor credit score, then you may have noticed that it’s very difficult for you to get a loan with a favorable interest rate. You might be wondering—does this apply to mortgages, too?

In this short video, a credit expert discusses credit scores and their importance. He says that a year ago, you could probably get a good interest rate on your mortgage if your credit score was 580-600. These days, your credit has to be upwards of 700. Our host explains why your credit score is important and the poor habits that will harm it.

If you’re looking for a great home for you and your family, then contact Absolute Mortgage and let us help you finance your dream.  Our goal is to help you reach your goals. Give us a call today at (425) 822-7788.

Mortgage credit scores are different.  Want to know if you are in good shape or have work to do, get a mortgage credit score and get started on your dream!







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2016-11-08T19:02:11+00:00 Categories: Mortgage|