Florida Realtors News

'Good' credit score lowers avg. mortgage cost by $21K

Buyers with "good" credit generally land a better mortgage rate than those with a "fair" credit score, and a study to determine what that meant for buyers found that it lowered the cost of an average 30-year FRM by $21,000 over the life of the loan.

More buyers using crowdfunding downpayments

Mortgage lenders have downpayment-gift rules, such as a donor pledge that the money is a gift and not a loan. With crowdfunding, buyers can bypass that.

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The Brown Ledbetter Team | 352-553-5664 | Email Us

The Brown Ledbetter Team
Fontana Realty
Summerfield, FL 34491

352-553-5664
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