Do Credit Score Ratings Effect Mortgage Interest Rates?

The weather is starting to warm up and Spring is right around the corner.  What better time than now to get out and find a new house.  But that lingering question is in the back of your mind, “Will my credit score ratings effect mortgage interest rates?”

Or better yet, can I qualify for a home loan with my credit scores?

These are both great questions and believe me, you are not the only one asking them.  With all the new regulations that have come down the pipeline and new ones being implemented every day it seems like, one can only wonder if they qualify for a mortgage with their credit scores and what will my interest rate be.

Good News!  There are still options out there if your credit isn’t stellar.  Maybe you have a decent credit score and want to see if you can qualify for the best interest rate possible.  Whatever the case, check out Don’s newest video as he took a few moments to address these questions.

Hopefully this video answered some of your question in regards to credit scores and mortgage interest rates.  Obviously each individual circumstance varies, so if you would like to know if you can qualify for a home loan and you live in the state of Missouri, please give Don a call at (417) 844-5370 or fill out our Quick Inquiry.

In short, do credit score ratings effect mortgage interest rates?  The answer is yes, but that doesn’t need to stop you from buying a home.  You need to weigh your options and the scenario you have and see if it makes sense.  In many cases it does.  Obviously some it won’t make sense, but at least you can inquire and find out what you need to do to get to that point.

As the old saying goes…  nothing ventured, nothing gained.  Explore your options and then see if buying a home makes sense for you.