How Do I Improve My Credit Score Before Buying a Home in San Diego?
A Better Credit Score Means a Lower Rate In San Diego's high-price real estate market, the financial impact of your credit score on your mortgage rate is enormous. Even a 40-point improvement — moving from 700 to 740 — can reduce your interest rate enough to save $150 to $200 per month, which compou
What Credit Score Do I Need to Buy a Home in San Diego?
Credit Score Minimums by Loan Type Your credit score is one of the most important factors in mortgage qualification and rate determination. Different loan types have different minimum requirements, and the rate you receive within each loan type also varies significantly based on your score. Minimum
What Are Mortgage Points and Should San Diego Buyers Pay Them?
What Are Mortgage Points? A mortgage point equals 1 percent of your loan amount. Buying discount points means paying upfront cash to permanently lower your interest rate — also called buying down the rate. One point on a $700,000 San Diego mortgage equals $7,000. The strategy involves calculating ho
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