As for your preapproval. The interest rate can be due to various reasons including your credit score. These days, if your credit score is not more than 720, you can pretty much kiss the best rates good bye. Also, there is usually a 30 day time period where you can "shop" different lenders before your credit score is affected.
If you wish to discuss this further, please email or call me.
Hope that helps,
Terrence Charest, e-ProÂ®
Century 21 Associates
905 Easton Road
Willow Grove, PA 19090
Cell (Preferred): 877.614.1494
â€œCentury 21 is the number one franchise site on the Internetâ€
What I'd recommend is getting hooked up with a good independent mortgage broker that can really shop you around - and a single good agent from a company like Wells Fargo. They'll both need to run one check for you - so make sure you contact them both so that this is considered just one search. You won't get really beaten up for just "one more search" after one recent one. It's LOTS of credit look-ups that are bad. Here's a mortgage broker that you may wish to contact:
Alternative Mortgage &
800-301-1500, ext. 124
If your credit could stand improving be VERY careful about those credit improvement services - many of those people are just looking to take your money. It's not all that hard to fix minor credit issues, and you don't need to pay some service to do it. Whatever you do - figure out what will help before taking any action - for example, canceling all your credit cards will hurt your credit - not help it.
Why do you think the rate is too high. There may be a reason it is that high. Is FHA your only option? Is your credit score high? Do you have money to put down? There are a few things that determine what kind of rate you are getting. I would be happy to go over your options with you. We have many loan programs, but it depends on what kind of loans you qualify for to determine the rate and terms.
The very best of luck to you!
MichaelMichael D Delp
4802 Old Bethlehem Pike,
Telford Pa. 18969