Houston Credit Repair Expert Vanessa Perry explains how you can qualify for the historically low rates in the episode below of Ask Impeccable.
Qualifications for Rates at an ALL TIME LOW!
Currently rates on homes and vehicles are at an all time low. In order to qualify for the lowest rate you will need to have an Impeccable Credit Score. The advertised low rates such as a 2.5% and 2.7% on a mortgage require a 740 credit score. The going rate for vehicle loan is 0.9% requires a 750 credit score.
How To Qualify
In order to qualify for the historically low rates it is best to get your credit to where it needs to be in order to save on the rate.
Before looking at homes and cars make sure to know where your credit stands to be prepared. If your score is not where it needs to be you will not be getting the best rate.
1. Know Where Your Credit Stands
You can accurately check your credit with a tri-merge mortgage report. Beware of online third-party sites that may advertise “Free Credit Reports” or “Online Credit Checks” most of these third-party sites are unreliable and not credible. They are used for educational purposes only.
2. Repair Credit (if needed)
In the case where your credit is not where it needs to be to qualify for the best rate consider hiring credit restoration specialist such as Impeccable Credit Services to repair your credit.
3. Make Sure the Purchase is In Budget
Make sure that it is not out of reach and in the budget to finance either the house or car. Be prepared to pay a down payment on a home. Also make sure that you have budgeted the payment, insurance and taxes on both.
Houston Credit Repair
Impeccable Credit Services has been serving the Houston area for sixteen years and can service anyone worldwide. With two physical locations we are able to accommodate in office appointments and virtually during COVID. As being ranked one of the Top Credit Repair Companies in Houston we pride ourselves on educating and informing our clients towards having Impeccable Credit. If you have any questions please feel free to reach out 713-378-1500. www.ImpeccableCreditServices.com