How To Play The Mortgage Game To Get The Lowest Interest Rate Possible
- 4 years ago
Going through the mortgage approval process can be tedious, time-consuming, and stressful. But working hard to get a lower interest rate is totally worth it.
According to Business Insider, prospective homebuyers should give themselves at least a few months to get prepared for the rigamarole.
First, get your credit score up as high as you can. Second, get your debt-to-income ratio as low as you can.
Always pay on time, and pay off any credit card balances before applying for a new mortgage.
Take at least a six-month moratorium from applying for new accounts as well.
Finally, shop around for the best rate that's suitable for your particular situation. Good luck!
According to Business Insider, prospective homebuyers should give themselves at least a few months to get prepared for the rigamarole.
First, get your credit score up as high as you can. Second, get your debt-to-income ratio as low as you can.
Always pay on time, and pay off any credit card balances before applying for a new mortgage.
Take at least a six-month moratorium from applying for new accounts as well.
Finally, shop around for the best rate that's suitable for your particular situation. Good luck!