Thursday, October 19, 2006

Low credit scores = higher PMI

Low credit scores can have a huge impact on your monthly mortgage payment in the form of higher Private Mortgage Insurance (PMI) payments.

If you are comtemplating the purchase of a house, it pays over and over to guard your credit score, and keep it as high as possible.

Clink on the link below to read an excellant article that spells out in detail how a low credit score affects your monthly mortgage payment in other ways besides higher interest payments,

Low credit scores mean high PMI rates

Thanks, and best regards,
Jim Dvorovy
330-685-4615

0 Comments:

Post a Comment

<< Home