Posted on: 16th Apr, 2009 07:08 pm
WHat rate should I expect with a 660 credit score and no points in New Jersey for a house costing $275,000 (with 10% or 20% to compare the difference)
Depends on whats your debt to income ratio?
If you are making 10% to 20% down payment, there is a good chance of you getting atleast close to current market rate of around 4.5% to 4.75%.
But will be based on yoru debt to income ratio.
If you are making 10% to 20% down payment, there is a good chance of you getting atleast close to current market rate of around 4.5% to 4.75%.
But will be based on yoru debt to income ratio.
Hi Subscribe,
It is difficult to say what interest rate you should expect because it depends on various factors like your debt to income ratio etc. As Realgeni has mentioned, the amount of down payment you make also determines the interest rate. The more down payment you make, the lower the interest rate you can expect. Paying a few points upfront helps you lower the interest rate.
It is difficult to say what interest rate you should expect because it depends on various factors like your debt to income ratio etc. As Realgeni has mentioned, the amount of down payment you make also determines the interest rate. The more down payment you make, the lower the interest rate you can expect. Paying a few points upfront helps you lower the interest rate.
Hi yes it is very hard to tell as different banks will tell u different things. Score is not bad but its not the best. With those numbers you shouldnt see anything over 6.25% in my opinion.