Good credit is the number one determining factor that will convince a lender to offer you the best mortgage interest rate, at the principal amount you want. Mortgage lenders look to your ability to repay a loan, your history of credit debt repayment, the likelihood you’ll make timely payments (as indicated by past payment history), the amount you will put down on the loan, and the value of the home. Lenders analyze your credit scores (FICO) and credit history, the loan-to-value ratio of the desired loan and your (total) debt-to-income ratio. Home Buying For Dummies, 3rd edition

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