Karl's Blog Report

More than ever your credit is your Golden Key to obtaining a low mortgage rate. Lenders bottom line credit score was 620 for A credit. Now the bar has been raised to 680!  What does this mean for someone 679 and down? It means a higher interest rate.  It breaks down like this:

680 & Up  Rate 6%
660 - 679 Rate 6.125%
620 - 659 Rate 6.5%
619 & below Rate 7%+

This can really add up to a higher monthly payment if you do not keep your credit in good shape. Any late payments can even make these rates go higher.  These scores are with no late payments.  Adding late payments just adds to the risk for lenders to lend you money for your home.  If you need help Accurate Finance can point you in the right direction in improving your credit scores.

Let's face it 680 and up is where you want to be!  I help people all the time improve their credit its as easy as 123, not really but your scores can be raised literally in days and months not years like in the past!

Act now call today and I will help you improve your scores so you can lower your rate and start saving money today!

Karl Holub 

I cannot remember the last time the mortgage industry was on a roller coaster like we are today. Up, Down, Up, Down, etc.... One day you can lock in at a great rate, you snooze you lose!! the Stock market and the bond market are bouncing like supercharged superballs!!!!  I will keep you posted and on the lookout for the next rate drop! 

Karl Holub

The Fed has not done a good job as of late and Inflation is still rising and yet the FED still has not admitted we are in a recession. Or are we? My opinion is yes we are, but we will see when the FED and the Gov't give us the scoop! Stay tuned, i told you this would be short and Sour!

Karl Holub