What Can $10-15,000 And Good Credit do for My Mortgage Rate?

On a $200,000 Loan having good credit and 5% down can make ALL the difference in the world on getting the lowest possible Rate and Fees. If you try to go after a 100 LTV or a 80/20 Loan you will pay dearly for a long time even with good credit (which by the way you need to have to get even a decent rate on these programs) with a higher rate and in just a few years can cost you more than what the 5% down payment would have been in higher payments per month. The simple fact is this; SAVE for that down payment. We love the program at Emigrant Direct. It pays 4.5% and moves up as rates go up. You can cut corners and go on a budget and make it happen. If you are working on your credit you need to stay on top of it by checking it at My Fico.Com or Equifax. You can and will get the house you want and the a Great Rate and low fees if you work at it and gain as much knowledge as you can. Yes it is true you can probably get a home RIGHT NOW but do you want to live with the higher Interest rate payment? www.rateinformer.com