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What is the current interest rate on a fixed rate mortgage?
The interest on a fixed rate mortgage varies between 4% to 7% depending on several factors. The most important factor is the person's credit history. Persons with excellent credit history can get a very low fixed rate, persons with average credit history will get a higher rate. At the beginning of the mortgage, fixed rates generally are higher than variable rates.
How can one qualify for the cheapest mortgage rates?
Having a good credit score is important for getting cheap mortgage rates. One can request their own credit score and show it to potential lenders; this is superior to having lenders request one's credit score, which can affect the score.
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.
Is it always possible to refinance a mortgage?
No, it is not always possible to refinance a mortgage. Factors such as credit score, home equity, and current interest rates can affect eligibility for refinancing.
How does one's credit score affect one's mortgage rates?
If one's credit score is below standard, banks will percieve them as unreliable and give them a higher interest rate. Inversely, if one's credit score is outstanding, banks will give lower rates.
What is the current interest rate on a fixed rate mortgage?
The interest on a fixed rate mortgage varies between 4% to 7% depending on several factors. The most important factor is the person's credit history. Persons with excellent credit history can get a very low fixed rate, persons with average credit history will get a higher rate. At the beginning of the mortgage, fixed rates generally are higher than variable rates.
How can one qualify for the cheapest mortgage rates?
Having a good credit score is important for getting cheap mortgage rates. One can request their own credit score and show it to potential lenders; this is superior to having lenders request one's credit score, which can affect the score.
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.
Is it always possible to refinance a mortgage?
No, it is not always possible to refinance a mortgage. Factors such as credit score, home equity, and current interest rates can affect eligibility for refinancing.
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.
How does one's credit score affect one's mortgage rates?
If one's credit score is below standard, banks will percieve them as unreliable and give them a higher interest rate. Inversely, if one's credit score is outstanding, banks will give lower rates.
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 the current mortgage rates available for individuals with fair credit?
The current mortgage rates for individuals with fair credit vary, but they are generally higher than rates for those with excellent credit. Fair credit typically falls in the range of 620-679. It's recommended to shop around and compare rates from different lenders to find the best option for your situation.
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.
