FINANCING
Rodney Anderson
Mortgage Consultant
1. How does our Credit rating affect the interest rate we can get?
Recently, we have seen more emphasis on credit as it relates to interest rates. There are still many great options that are available, but its important for you to know where your credit stands. No two situations are the same – always obtain pre-approval up front.
2. What down payment is required if I want to purchase a new home?
In Texas, we are fortunate to still have access to 100% financing for many homebuyers. Credit profile and income verification are key factors when determining qualification.
3. Historically, how do todays interest rates compare with those 20 years ago?
When I purchased my first home in 1987, the 30 year fixed rate was at 10.5%. The current interest rate environment is very favorable for potential homebuyers. Rates are considerably and consistently lower now.
