7 factors that determine your interest rate
April 10, 2019 by RE/MAX of Cherry Creek It’s a common question: What are today’s interest rates? Alas, the question is easier posed than answered, as interest rates vary significantly according to many factors. What goes into the interest rate you will receive on your mortgage? The Consumer Financial Protection Bureau (CFPB) cites these 7 elements: Your credit score: Generally, the better your score, the lower your interest rate, as lenders...
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