1. Home Loan With Low Mortgage Rates On Purchase And Refinance * The first thing most homebuyers think about when they have decided to buy a home is mortgage rates.
- What are the mortgage rates and what is the best mortgage rates they can qualify for?
- Low mortgage rates mean lower payments and savings on mortgage interest
- Unfortunately, to get low mortgage rates, mortgage loan applicants need high credit scores
- Mortgage rates quoted in the media and by mortgage companies are par rates
- Par rates are mortgage rates for prime borrowers
2. Work On Maximizing Credit Scores For Home Loan With Low Mortgage Rates
* If you are looking for a home loan with low mortgage rates, you need to maximize your credit scores.
- If your credit scores are low, consult with a loan officer and he or she will help you maximize your credit scores before you formally apply for a mortgage loan
- Maximizing your credit scores may be as simply paying down your credit cards or getting one or two more secured credit cards
- Never miss a minimum payment due and always keep your credit card balances to a 10% balance of your available credit limit
Do not apply for new credit unless you absolutely have to because each hard inquiry means a 2 to 5 point drop off your credit scores.
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