Written by Robert H. Ruth
Ask potential first-time homebuyers to share their biggest concern during the home purchase process and many will answer “finding the most favorable interest rate.” That’s because homebuyers understand that even a quarter percent difference in the interest rate on their loan will cost (or save) them money.
What many would-be homeowners don’t realize is that a negative credit report, and the low credit score that results from it, can have a significant impact on their ability to qualify for a loan, the interest rate the lender offers, and the cost of repaying the mortgage over the life of the loan.
While there may not be much you can do to prevent the Federal Reserve from raising interest rates, there are some
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