Mortgages and rising interest rates
Real Estate Today
Getting the Best Mortgage Interest Rate
This chapter focuses on obtaining a better mortgage interest rate and the importance of credit score in the current market. The guest expert provides insights on the new benchmark for getting the lowest mortgage rates, the role of credit scores in qualification, and the impact of income and money in the bank when applying for a mortgage. They also discuss additional costs associated with buying a home, first-time home buyer programs, adjustable-rate mortgages, points in mortgages, and the response of lenders to the rise in mortgage interest rates.
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