- Assuming that the rate that is published in the newspaper is the rate that you will automatically receive
- Banks often publish rates that are available but may require a specific down payment or credit score*
-
- Calling many mortgage companies/banks and allowing them to run credit reports
- Inquiries to your credit report will cause your credit score to be lowered
- Your credit score is what is used by mortgage companies to determine what programs you are eligible for
-
- You can learn more about credit scores at Your Credit Source
*this would not be true for government regulated programs
|