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Credit Score in Lathrop : Real Estate Advice

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Fri Apr 16, 2010
Gerard Dunn answered:
There is already a "Tiered" rate schedule for those borrowing. The higher the score -usually the better rates you will be eligible for. There is no magic to this concept. Higher credit scores will have a much lower chance of default. Lenders are willing to take a lower return for less risk.

Talk to a mortgage banker to find out what the tiers are. You will then know where you "fit" in todays rate environment.

Good Luck!

Gerry Dunn
Associate Broker
Serving Maryland, DC and Northern Virginia!
301-651-8600
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