A month ago I checked my FICO (mid) score was 726, which I can get a $200,000 loan for 15Yr Fixed rate at 5.25% with one point to buy down the int. rate, with NO Doc. and total closing cost is $4323.00
But Now my FICO score drops to 716, which is below 720 mark, then I have to go thru Full Doc. processing the loan, only 4 points away from 720, why is so much different ??? and how often do they update the FICO score ??? Daily, Weekly, Monthly ???
If you need the loan you may check with Jason 800-467-9771 x 311 to get you better int. rate.