Friday, May 11, 2012

Diane Gerdes - Your Credit Score Effect Your Interest Rate. Here's How...

Fha Interest Rates - Diane Gerdes - Your Credit Score Effect Your Interest Rate. Here's How....
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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Fha Interest Rates . themortgageadvantage.com Question: I have a credit score of 700 and am putting 20% down on the purchase of my new home. Why can't I get the rates that I see on-line? Answer: Well, maybe if you had taken better care of your credit we wouldn't be having this conversation now would we? Just kidding. Sort of. In today's lending landscape Fannie Mae and Freddie Mac are the primary purchasers of home loans. You may have read that they are experiencing financial troubles. For instance in 2004 they purchased 16 billion loans from Countrywide of which 9 billion are outstanding. They could only squeeze 2.5 billion out of Bank of America for bad loans because... To read the entire post, go to: themortgageadvantage.com
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