It Is Getting Harder and Harder to Be a "Average" Borrower

It is becoming more and more difficult to qualify to be a "good" borrower so that you can get the best rates out there. You now must have a credit score 0f 720 or above. You must put some money down and you need to be able to verify your income. In some areas your loan size has to be higher than in past times. If you are taking cash out and have lower credit scores you are in for a much bigger jump in rate than just in the last month or so. It could cost you THOUSANDS OF DOLLARS ADDITIONAL in just the closing cost than just one month ago. Think twice before getting a cash out refinance loan. It will cost a lot more than you think! Just remember the rates
are going up in more ways than you think. www.rateinformer.com