topic Re: Mortgage interest rate in General Credit Topics

Mortgage interest rate

angelajock — Wed, 06 Jun 2007 05:47:42 GMT

I was pre approved for a 130,000 mortgage at a 6.75 interest rate through FHA. I am on my Credit Unions website and their highest interest rate is 6.60. Would it really make that much of a difference on my monthly payments to go with the credit union? FHA is the only place I have had run my credit so far. I dont want to have everybody and their mother running my credit and I am at a 556 when they are done!

Equifax- 645

TU- 657

Experian-675

Re: Mortgage interest rate

Tuscani — Wed, 06 Jun 2007 10:32:42 GMT

Not on a 130k mortgage. And all mort Inqs within a 14 day period count as one against your score.. so it is ok to shop around.

Re: Mortgage interest rate

Anonymous — Tue, 26 Jun 2007 03:10:31 GMT

With your score that is a great rate going with FHA and thats better then going with a subprime loan. Keep in mind that you will be paying a min of 2 point up front.

Re: Mortgage interest rate

Anonymous — Tue, 26 Jun 2007 03:13:40 GMT

Make sure the term at your credit union is the same most only do 20 year loans...IME