Posted on: 08th Aug, 2013 12:17 am
I have been offered a mortgage at an interest rate of 4.65% for a loan amount of $80,000. Do you think this is a good interest rate with a credit score of 650?
Hi Sweetiee,
In the recent times, the rate of interest have started to increase. Compared to what the rates were few months back, this rate of interest is quite high. If you have the income to afford the payments, then only you should go for it.
Thanks,
Jerry
In the recent times, the rate of interest have started to increase. Compared to what the rates were few months back, this rate of interest is quite high. If you have the income to afford the payments, then only you should go for it.
Thanks,
Jerry
Hi Sweetiee,
Whether or not it is a good interest rate will depend upon the fact whether or not you will be able to pay off your monthly mortgage payments depending upon that rate. If you can afford the payments, then the rate of interest is good for you.
Thanks
Whether or not it is a good interest rate will depend upon the fact whether or not you will be able to pay off your monthly mortgage payments depending upon that rate. If you can afford the payments, then the rate of interest is good for you.
Thanks