There are benchmark scores that are important when getting a loan. Some programs only become available at certain credit scores. If your score is in the low 500′s then chances are an interest only payment is not an option. The same with 100% financing. Usually the benchmark for 100% financing is at 580. However some lenders are now requiring 600.this is why working with a mortgage professional that uses the rapid rescore technique is so important. Sometimes just doing a little credit fixing can make or break your next loan.

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