Your credit score, the number that lenders use to estimate the risk of extending you credit or lending you money, is a key factor in determining whether you will be approved for a mortgage. The.
This includes your own bank or credit union, but also online mortgage lenders. A combination of banks, online lenders, credit unions and others should give a good sampling of what’s out there for you.
Mortgage rates are forecast to increase slightly in 2016, but until they reach 5% or more, Miller says, you’ll likely get a competitive rate as long as your credit score is good and you show proof of.