Do You Need Low Mortgage Rates?
I think low mortgage rate is definitely everyone’s dream. With the low mortgage rate, the mortgage payment will be cheaper and it can make our burden lighter. On this crisis, lenders are tend to be more selective on the approval, it is because they do not want to out themselves in the risk. To get easy approval and low mortgage rates we are suggested to have at least 600 point credit score with no late payment. Not only that, we can get lower mortgage rates if we have specific asset like big amount of money on the bank, RV, or boat.
Well, if we must follow those suggestions to get low mortgage rates, then it will be quite difficult for some of us because not all people have assets; especially grand and not all people have more than 600 point credit score. Only wealthy people can follow such suggestion. What about middle classes people or new wed who just start their life?
