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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.

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AnswerBot

8mo ago

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Will the bank allow the heirs to continue to pay mortgage after a parent dies?

The bank expects the estate to keep the mortgage current. They may allow the mortgage to be assumed if the credit rating of the individuals is acceptable.


What are the current refinanced mortgage rates available on the market?

The current refinanced mortgage rates available on the market vary depending on factors such as the lender, the borrower's credit score, and the loan term. It is recommended to shop around and compare rates from different lenders to find the best deal.


What can one do with an adverse mortgage?

An adverse credit mortgage is designed and available for people who have had financial difficulties in their past. It make purchasing a house more realistic and available to those who have bad credit.


Does it hurt your credit to take out a second mortgage?

Taking out a second mortgage can affect your credit score, but it depends on how much of your available credit you are using. Like with a credit card, people who are closer to their borrowing limit are less favorable to banks than people with a lot of credit available.


Where can people with bad credit obtain services from Mortgage Lender's?

Those with poor credit can obtain mortgage lender services from credit agencies. However, some of the most widely recognized advice is for these individuals to work toward increasing their credit score, rather than obtaining a mortgage.


How far behind in your mortgage can you get before your mortgage company starts foreclosure proceedings?

It usually depends on a Mortgage Bank and also on the individuals previous credit ratings.


What are the current mortgage rates for various credit scores?

This is dependent on other contextual factors such as employment and geographic location, but with an average credit score a mortgage rate can be about 6%. A good credit score will have lower.


If my credit is marginal, where can I find a mortgage for poor credit?

Yes, there are mortgages available for people with low credit. First, contact a reliable local bank and see what their options are. Be wary of so-called "mortgage shacks" that offer up shady mortgage advice.


What is the difference between a consumer credit report and a residential mortgage credit report?

a consumer credit report was more likely connecting to individuals as consumers,on the other hand,a residential mortgage credit report was simply focusing to the households considered as the consumer it self.


What are the current home mortgage rates offered by Wells Fargo?

The current home mortgage rate offered by Wells Fargo is 12%. This is subject to change according to the credit rate of the applicant. The better a credit rating the better the interest rate they will be offered.


Do the mortgage show up on credit report for co borrower?

Yes, a mortgage can show up on a credit report for a co-borrower. When individuals co-sign a mortgage, both parties are responsible for the loan, and it typically appears on both of their credit reports. This means that the mortgage payments and any associated activity can impact the credit scores of both the primary borrower and the co-borrower.


What is the current refinance mortgage rates?

If you are refinancing your mortgage for a 30 year fixed rate you can expect a rate of about 4.250% and if you are refinancing your mortgage for a 15 year fixed rate you can expect a rate of about 3.375%. Of course, this will vary with credit rating, current mortgage standing, etc.