Good FICO Credit Score?
Tips To Getting The Most Out Of Your Home
With Good Credit
By Carrie Reeder
Sometimes so much is talked about how to solve the problem
of having bad credit, but what about when you have an excellent credit rating?
Good credit is considered to be a credit score of 650 or higher. How can you get
the best interest rate and loan terms to make your good credit history work for
you? Even with excellent credit, you have to be careful not to get talked into a
loan that may not be the best one you could qualify for.
Here are some tips to help you find the best loan for your great credit
1. Apply with as many mortgage companies online that will provide you
with more than one quote per application, as long as they will not pull your
credit with your application. If you are about to start applying for a mortgage,
you don't want to have your credit pulled until you have narrowed down which
mortgage company you want to work with. Every time your credit is pulled, your
FICO credit score drops.
2. Talk to your lender about closing costs. If you have excellent
credit, the lenders should be falling over themselves to get you a loan. Ask for
special treatment. Find out what fees your broker or lender may be able to
reduce or remove from your closing costs. Find out if they will match lower fees
offered by another lender.
3. Make sure your lender is offering you excellent customer service.
Are they returning your calls quickly? Are they answering all of your questions
to your satisfaction? Have they thoroughly researched all of your loan options
and offered you more than one possibility? If they haven't, you should probably
look somewhere else. With good credit, you have no reason to be a quick, easy
sale for a lender.
4. Research interest rates, mortgage information and articles online
so that when your lender offers you a loan package, you will know about the fine
print ahead of time. Whether you are purchasing for the first time or
refinancing, it will help you to understand more about the mortgage process.
To view our list of recommended purchase or refinance mortgage companies
online, visit this page:
Carrie Reeder is the
http://www.abcloanguide.com, an informational website about various types of