These are not great credit scores, but should be enough to get financing. Try bankrate.com to get rates in your area. Also if they can wait a few months, they may get better rates since there is pressure on the federal reserve to lower rates and they will have more time to work on any deficiencies in their credit. The better their scores, the better the rate will be.
These are not great credit scores, but should be enough to get financing. Try bankrate.com to get rates in your area. Also if they can wait a few months, they may get better rates since there is pressure on the federal reserve to lower rates and they will have more time to work on any deficiencies in their credit. The better their scores, the better the rate will be.
7.25% or less with FHA …..FHA allows up to 95% cashout LTV…and score isnt a factor.
BUT THEY CANT HAVE MORTGAGE LATES…or significant lates with other accounts!!!
Yeah, they should look to improve their scores and they may get a better rate.
Here are some good sites to start…
Improve your credit score by 100 points
http://www.payoffmyloansnow.com/files/Improve_your_credit_score.html
Debt Consolidation Loans – what to know
http://www.payoffmyloansnow.com/files/need_to_know_debt_consolidation_loans.html
It all depends on the bank they go with.