Get A Better Interest Rate On Your Mortgage Posted By: Roger Hanna
September 1, 2010 by admin
Filed under Shared Web Hosting
If you’re satisfied with your current interest rate, you could go even better if you’re trying to refinance a pre-existing mortgage you already have. Improving your mortgage interest rate can be done by following the advice below.Your credit rating is the number one determinant when calculating your interest rate. Give your credit a fine tuning about six months before applying for a mortgage, just like you’d tune up your car before buying new parts. If you find an error on your credit report, the Fair Credit Reporting Act (FCRA) allows you to dispute those errors.Keep your credit updated by requesting the latest reports. There are three credit agencies in the USA, and each of them are mandated by law to release the latest credit reports to Americans once a year, free of charge. The three credit reporting agencies are Experian, Equifax and Trans Union. The website annualcreditreport.com allows you to request these free credit reports.Look carefully on your reports for errors, and if any, don’t hesitate to dispute them. From the time you report the discrepancy, wait a month for the credit reporting agency to investigate the issue.Finance Credit
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