lock in?

[Anonymous]

thanks shane your the man

[Anonymous]

my fico scores and rates--500-579      10.844

                                            580-619        9.730

[Cooneyca]

I have never found the rates that the various FICO sites list for mortgage rates to be even close to what you can get in the real world.  They are very high in my opinion

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casinoannie97 wrote:

my fico scores and rates--500-579      10.844

                                            580-619        9.730

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Message Edited by Cooneyca on 11-07-2007 06:29 PM

[ShanetheMortgageMan]

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Badcreditguy wrote:

thanks shane your the man

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That's why they call me the Mortgage Man

Cooneyca, you are right... FICO scores don't always determine rates, it's a combination of FICO scores, credit history, loan-to-value, debt to income ratio, and reserves.  Those "with a FICO score of XXX you deserve X.XX%" are hoping to fish-hook someone in to qualifying based on inaccurate info... it's a great sales gimmick.

[Anonymous]

just forwarding what comes up on my fico. i don't want to buy a house or a car although it affects my score.  for some reason they like you to have loans.  peepee on them.

i do however keep getting preappoval for mtg at 10. something from chase.

tu-720

ex-704   faco 761

eq-686

what do you think Shane?

Message Edited by casinoannie97 on 11-13-2007 08:52 PM

[ShanetheMortgageMan]

A pre-approval at 10% interest rate?  Doesn't seem right, I don't think a lender would advertise a 10% interest rate... I'm not sure what your exact question is here though... please elaborate and I'll be happy to give input.

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casinoannie97 wrote:

just forwarding what comes up on my fico. i don't want to buy a house or a car although it affects my score.  for some reason they like you to have loans.  peepee on them.

i do however keep getting preappoval for mtg at 10. something from chase.

tu-720

ex-704   faco 761

eq-686

what do you think Shane?

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