Posted on: 10th Aug, 2009 02:30 pm
will i get the best rates for a conventional loan with a middle fico score of 788? thanks
Hi Irvin, Yes with a middle score of 788 you should get the best going interest rates for your loan. Just shop around till you find a deal you like.
That is just ONE component. There are other factors...
LTV
Property Type
Income
Assets
LTV
Property Type
Income
Assets
Can you be more specific? Can you give examples of factors that will affect rate besides credit score?
Your debt to income ratio and also how much money you make
How long you have been working
How long you have been working
Guest, I listed those factors above.