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Saturday, January 15, 2011

How FICO Scores can affect Mortgage Rates


Here is a recent example of how your scores could impact the mortgage for a $300K loan


FICO® score APR [?] Monthly payment *  
760-850      4.376%     $1,498 
700-759      4.598%      $1,538 
680-699      4.775%      $1,569 
660-679      4.989%      $1,608 
640-659      5.419%      $1,688 
620-639      5.965%      $1,792

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