Get prequalified as soon as soon as possible. Many times the process of getting prequalified changes the course buyer's are going to take. Unknown credit issues can change the interest rate and ultimately the cost of the loan, which at many times is easily handled when buyer's have 3-6 months to remove unnecessary collections. One example is a cable box that was accidentally packed and not returned from a move 5 years prior. Paying the penalty and removing the report can lower the interest rate saving thousands of dollars over the term of the loan and gives the buyer more buying power without borrowing more money.
*1/8% interest rate increase, equals $12,000 less in buying power
Author:Erin Tudi Phone: (520) 548-5759 Dated: February 21st 2017 Views: 757 About Erin: ...
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