Sunday, May 08, 2005

30 Year Jumbo Loan Rate

The discount rate has a direct effect on the “Prime Interest Rate”, which is the interest rate on short-term loans that banks charge their commercial customers with high credit ratings.You can get live information on the current Prime Rate at www.FedPrimeRate.info.Of the three major factors that affect your interest rate, this is the one you have the least amount of control over.2. Your FICO Score and Credit Report.There are companies that gather and sell information about information on where you work and live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy. They are called Consumer Reporting Agencies (CRAs). The most common type of CRA is the credit bureau. Potential lenders will get your credit report from the credit bureau. The FICO score is a method of determining the likelihood that credit users will pay their bills. It condenses a borrowers credit history into a single number. You can protect your FICO score and credit report by paying your bills on time and not over-extending yourself. You also have the right to have false information removed from your credit report. 3. Lender Business Factors.Banks and other lenders a
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