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By Carrie Reeder
Sometimes so much is talked about how to solve the problem of
having bad credit, but what about when you have an excellent
credit rating? Good credit is considered to be a credit score
of 650 or higher. How can you get the best interest rate and
loan terms to make your good credit history work for you? Even
with excellent credit, you have to be careful not to get
talked
into a loan that may not be the best one you could qualify
for.
Here are some tips to help you find the best loan for your
great credit history:
1. Apply with as many mortgage companies online that will
provide you with more than one quote per application, as long
as they will not pull your credit with your application. If
you
are about to start applying for a mortgage, you don't want to
have your credit pulled until you have narrowed down which
mortgage company you want to work with. Every time your credit
is pulled, your FICO credit score drops.
2. Talk to your lender about closing costs. If you have
excellent credit, the lenders should be falling over
themselves
to get you a loan. Ask for special treatment. Find out what
fees
your broker or lender may be able to reduce or remove from
your
closing costs. Find out if they will match lower fees offered
by another lender.
3. Make sure your lender is offering you excellent customer
service. Are they returning your calls quickly? Are they
answering all of your questions to your satisfaction? Have
they
thoroughly researched all of your loan options and offered you
more than one possibility? If they haven't, you should
probably
look somewhere else. With good credit, you have no reason to
be
a quick, easy sale for a lender.
4. Research interest rates, mortgage information and articles
online so that when your lender offers you a loan package, you
will know about the fine print ahead of time. Whether you are
purchasing for the first time or refinancing, it will help you
to understand more about the mortgage process.
To view our list of recommended purchase or refinance mortgage
companies online, visit this page:
www.abcloanguide.com/mortgageloans.shtml.
About The Author: Carrie Reeder is the owner of
www.abcloanguide.com, an informational website about
various types of loans.
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