Good Day all,

I wanted to take the time today to mention how important it is for someone to take care of their credit.  Do you know how credit can affect you getting a Ft. Lauderdale Mortgage? The fact the the FHA program is not a credit score driven program, doesn’t mean you should not care about your credit before you apply.

If you dont then you end up buying this :

Bad Credit = Ugly Home

Now if you dont want to end up buying this house or living in a neighborhood where this house exists, then you have to do something about your credit before you apply for a Ft. Lauderdale Mortgage. That Simple. Now I did not say it was easy. The difference in what you can purchase, what your monthly payment will be, what your interest rate will be and the points and fees on your mortgage is huge.

For example you have a 540 credit score (BAD CREDIT) and you want to buy a home. Your interest rate would be anywhere between 2.25% to 2.75% higher than the market rate.

Lets say you have a 680 credit score(average credit score) your Ft. Lauderdale mortgage interest rate is only .25% to .375% higher than the market. You can get a house that looks like this

You can get a house like this with good credit

This is just for explanation purposes and I might have exagerated just a little. Here is the truth of the matter. You could have a 540 credit score pay alot more in origination fees, broker points and loan discount fees or you could not. Folks do not realize how much can be done when working with a professional. Personally my team here uses Linda Shorr with Regal Credit.

We use her and her services because she is honest, dependable and does not price gouge. Oh and of course she has a track record of fixing our clients credit with great success. On Friday, we helped someone that could not refinance and go from a 548 to a 640 credit score. Saving the client both time and money. It is a no brainer to pay $400 dollars upfront to get your credit fixed as opposed to paying $40,000 in higher fees and higher interest rates over the life of the loan. My advice to you is clean up the credit before you buy or refinance your Ft. Lauderdale Mortgage