{"id":9359,"date":"2013-10-21T09:00:51","date_gmt":"2013-10-21T13:00:51","guid":{"rendered":"https:\/\/orlandorealtyconsultants.com\/?p=9359"},"modified":"2022-04-28T22:02:02","modified_gmt":"2022-04-28T22:02:02","slug":"how-does-your-credit-score-affect-your-mortgage","status":"publish","type":"post","link":"https:\/\/orlandorealtyconsultants.com\/es\/how-does-your-credit-score-affect-your-mortgage\/","title":{"rendered":"How Does Your Credit Score Affect Your Mortgage?"},"content":{"rendered":"

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\u00a0<\/b>Before you apply for a mortgage<\/strong> <\/a>to buy your dream home, check your FICO score. It is a key determinant of the interest rate that lenders are likely to offer you. A good FICO score makes you a less risky borrower in the eyes of lenders. Naturally, they\u2019re willing to earn your business by offering you a competitive rate of interest. A lower interest rate translates into savings amounting to thousands of dollars over the life of your loan. So, pause, and think if you should improve your credit score to become a favored borrower, or go right ahead as your credit history is nothing short of impeccable. To make this decision, these tips may come in handy.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>A credit score of less than 550 makes you a deep subprime borrower; you may find it hard to get a mortgage or bear a high-interest rate and stringent and\/or inflexible terms and conditions<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>A credit score between 550 and 620 makes you a risky, sub-prime borrower<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>A credit score between 680 and 740 makes you a less risky, prime borrower<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Any score over 740 makes you a super-prime borrower; you are highly likely to be offered the lowest mortgage rates available.<\/p>\n

If you’re looking for a home in Orlando, Fl then you should hire an experienced Orlando Realtor<\/strong><\/a> to help in your search. We dedicate ourselves to helping people buy and sell Orlando, Fl real estate.<\/p>\n

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\u00a0Before you apply for a mortgage to buy your dream home, check your FICO score. It is a key determinant of the interest rate that lenders are likely to offer you. A good FICO score makes you a less risky borrower in the eyes of lenders. Naturally, they\u2019re willing to earn your business by offering […]<\/p>\n","protected":false},"author":4,"featured_media":20952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[7,54,4,6],"tags":[211,215,513,10],"class_list":["post-9359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-mortgage-companies","category-news-and-information","category-orlando-realtors","tag-credit-score","tag-john-conde-realtor","tag-mortgage-rrates","tag-orlando-real-estate-2"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t