May 2010

Applying for mortgage? Starting June 1, you could face another credit screening!

May 18, 2010

By Kenneth R. Harney Saturday, May 15, 2010; E01 If you’re thinking about applying for a home mortgage, here’s some important news: Beginning June 1, your lender is likely to order a second full credit screening immediately before closing. The last-minute credit report will be designed to find out whether you have obtained — or […]

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Does a Low Credit Score Affect My Interest Rate?

May 6, 2010

When buying or refinancing a home with Mortgage Atlanta we estimate your ability to pay back your home loan based on your credit score. All lenders base your interest rate on the amount of risk your credit portfolio shows. Therefore, a low credit score can results in a higher interest rate, higher monthly payments and […]

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