While rates can start as low as 5 %, our research found that
even borrowers with excellent credit and little debt may only qualify for a rate as low as 10 %.
Even borrowers with excellent credit, a decent amount of home equity and sufficient income for a new mortgage loan are daunted by the extensive documentation requirements for refinancing.
Not exact matches
Borrowers with excellent credit and a history of managing similar mortgage payments could still qualify for an FHA loan,
even if their DTI is higher than 43 %.
Borrowers with excellent credit and a history of managing similar mortgage payments could still qualify for an FHA loan,
even if their DTI is higher than 43 %.
Some banks will only extend
credit to people
with excellent scores while others specialize in loans to
even the riskiest
borrowers.
Low interest rates:
Borrowers with excellent credit can expect to receive a very competitive rate,
even for loans that might require collateral at other lenders.
Borrowers with excellent credit and larger down payments will qualify for
even better rates.