The interest rate you agree on for a mortgage heavily influences the affordability of your home. Half of a percentage point higher could make a difference in monthly payments and whether you will have enough money left over for your other financial goals, such as paying off debt. Since interest rates have been hovering around historic lows, applicants can lock down a low rate before they begin to rise.
However, if your credit score is low, it may make sense to raise your credit standing before applying for a mortgage. Borrowers who have high credit scores are more likely to get the lowest mortgage rates, which could save them thousands in interest payments over the life of the loan.
CreditServices.com can get your credit in a position to receive great interest rates and save you thousands on your home!
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