Your FICO score is the most important factor when lenders determine the interest rate for your mortgage. However, there are other factors that also impact the rate. These include LTV, type of loan, type of property ( such as manufactured home vs stick built), lock date, and more.
The webinar features credit expert Tiffany Cross providing details that drives credit scores, an explanation of FICO Guidelines vs. Underwriting guidelines and a review of credit pitfalls. Mortgage veteran Terry Hancock will share examples how credit scores affect mortgage rates and a review of the other factors that affect rates.