Five Hacks that Ensure You Get the Unrivaled Mortgage Rates
With the mortgage rates dropping record low, the US housing market has witnessed huge rise inactivity. According to many, this move can fuel the slow economy suffering the impact of the pandemic. Currently, the fixed loan of 30 years has recently dropped to 2.86% from the earlier 2.93% - the lowest in the last five decades. The institute handling mortgage in Wareham points out, this could be the right time to buy a house. Although job losses and shortage of inventory are pushing the prices up by a percentage, some simple hacks ensure you get unrivaled mortgage rates for your new home. These hacks are suitable for everyone, whether you are taking your first mortgage or sixth, ensuring you save some real money in the long run. 1. Credit score review Before everything else, analyze your credit score and credit reports provided by the three major credit bureaus - Equifax, TransUnion, and Experian. There are few paid and free tools offered by these agencies which can help you in understa