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  • with a credit score of 696 and va loan approval, what should my mortgage rate be around?

    Posted on October 7th, 2010 4 comments
    Kara C asked:


    Does anyone have experience with this sort of thing. I am currently in the military. I have a credit score of 696. I am buying my first home so I am thinking of going VA. Really I am not sure yet if that is best. I want to purchase a house at 146,000. What do you think or advice you may have??

    Russell
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    4 responses to “with a credit score of 696 and va loan approval, what should my mortgage rate be around?” RSS icon

    • Marcus

      Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every monthcompanies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender.

    • Jared

      Hello,

      Your rate will be around 6% with todays rate.
      There is good and bad with va loans, but mostly good. The only bad with va loans is the funding fee which is around 2.5% and can be reduced if you put more money down. If you plan on putting at least 20% down then I would not use my va loan and just go regular because you will not have mortgage insurance on a normal loan with a 20% down payment. The advantages of va loans is 100% financing with no mortgage insurance, and you can borrow more then 100% with good credit like yours.

      Need the loan done for you go here:

      Thanks

    • Constance

      Hi
      I saw your question I have decided to help people out due to the fact that I myself has been scammed twice by fake lenders in my search for a loan but at last I got a reliable lender that gave me the loan($60,000 USD) that I was in dire need of. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address:, Please tell him that Deborah Kirk he gave out a loan to me . I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.”
      Thanks.

    • Thomas

      Rates change daily. Make sure you work with a lender who understands what makes rates change.


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