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What are the best mortgage rates somebody with really bad credit can hope for?
Wiki User
∙ 9y ago
Your best chance for obtaining a new mortgage loan will be with your current lender. They are already aware of your dedication to your obligations and may be more willing to work with your bad credit rating.
Wiki User
∙ 9y ago
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What are the national averages for mortgage rates for people with bad credit?
The national average for mortgage rates for those with bad credit is currently about 3%. Round Point Mortgage company currently has one of the lowest rates.
What are the mortgage rates in SalemOR?
Mortgage rates are about 4.25% in Salem Oregon. That's the interest rate for home buyers in that area. Mortgage rates do differ based on a credit score.
What effect does a credit score have on a mortgage?
The credit score can effect mortgage rates in a lot of differnt ways. If someone has a high credit score he get a lower mortgage rate and if someone has a low credit score he gets a higher mortgage rate.
Has the credit crisis affected the mortgage lending rates?
"The credit crisis has affected the mortgage lending rates drastically. Many lenders are not giving out loans and mortgages at all without either high down payments, or pristine credit."
Where could one find the lowest mortgage rates?
Mortgage rates will depend on several factors, including one's credit history, the size of one's loan, and the current interest rates. To find the best mortgage rates, one should contact various mortgage lenders.
What are the introductory rates for Bank of America mortgage?
Depending on your credit score, Bank of America mortgage rates can be as low as .5% or as high as 20% APR.
What are some trustworthy bad credit mortgage companies?
Some trustworthy bad credit mortgage companies are First America and US Bank. They will provide you with reasonable rates on your mortgage when you decide to buy.
What are the mortgage rates like in the United Kingdom?
Mortgage rates in the United Kingdom range just like every other country. Currently, the standard rates are ranging from 3.5% to 5.69% depending on your credit score and the mortgage company that you are interested in.
What are the lowest refinance mortgage rates for 2013?
On average, the lowest mortgage rates for refinanced mortgages is 3.32%. However, this rate can change due to the customer's credit score.
Where can one get a no documentation mortgage?
You can get a no documentation mortgage from Mortgage Rates Experts, Bills, Get a Loan with Bad Credit, Hasty Cash Advance, No Doc Mortgage and other websites.
What banks are offering lowest mortgage rates?
Several online refinancing sites such as DailyMarkets and Realtor provide lists of banks offering the lowest mortgage rates currently available. On average, credit unions offer some of the lowest mortgage rates.
What is a mortgage rate and who sets it?
Mortgage rates are driven by the prime rate. Then based on your credit score the rates will vary from there. Banks will also tack on points so they make money.
