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Originally Posted by cindy0721 thanks.. Hubby's score is medium... lol.... my brother in law got approved with his credit score & he makes less $$... but that doesn't mean it will happen neccessarily to out situation..... it just put more stress when the mortgage lady said..."well with the scores you just told me ..our automated system WILL NOT approve you..but I can still try with the lenders....".. geez....  |
Your gal is a broker....meaning she is shopping you around with mortage companies. You don't need a broker, you can go directly to the source. Our mortages were all through Countrywide and we applied directly as we bought our houses from the sellers not through any agents....
Unfortunately a low credit score means they will charge you a HIGHER interest rate....therefore that means it's that much less you can afford to buy.