High FICO Score Gets Low California Home Mortgage Loan Rates

September 15, 2004 -- "We have programs specifically designed for California residents who have a high FICO score and therefore qualify for a low home mortgage loan rate that could potentially save hundreds of dollars a month," states Raoul Amescua V.P. of www.GoldMedalMortgage.com

www.GoldMedalMortgage.com is powered by Infiniti Mortgage Capital, Inc a mortgage lender with offices and affiliates nationwide specializing in low mortgae rates for those with high FICO scores.

For more immediate attention please call TOLL FREE 1-888-483-2500, email at Raoul@Infinitimtg.com or log on to www.goldmedalmortgage.com/NationwideLoanPrograms

"As an example on a $150,000 30-year, fixed-rate mortgage a borrower with a high FICO could pay as low as $895 a month, where somebody with a lower score could pay $1238 on the same loan."

"FICO credit scores can range from 300 to 800. Remember, the higher the FICO credit score the better the home mortgage loan rate!"

"A high FICO score is your reward for paying bills on time. This is one of the most important factors that determine your home mortgage loan rate. A borrower's high FICO score is the best signal to the lender of how well you'll make your mortgage payments," continues Amescua.

The best known credit score is called the FICO score, developed by Fair Isaac and Company (FICO).


"The most important information that the credit agencies use to determine your credit score are:
•     Credit History - How long have you had credit? The longer you've had good credit the higher the FICO credit score.
•     Payment History - Do you pay your bills on time? One 30 or 60 day late payment can damage your good FICO credit score.
•     Credit Card Balances - How much do you owe and how many accounts do you have? A person who has many credit cards even if there are small or no balances on the accounts has a greater potential to incur debt. Close out the credit cards that you don't use!
•     Credit Inquiries - How many times have you had your credit checked? The fewer inquiries on your credit report the better the FICO credit score. So when you sign up for a free gift at the mall and your credit gets checked you might have lowered your FICO score even if you have no intention of using the new card!"

"It is very important to know your FICO score even if you are not in the market for a home mortgage loan rate. You could have errors on your credit report which are lowering your FICO score, " concludes Amescua.

About www.GoldMedalMortgage.com
Www.goldmedalmortgage.com is powered by Infiniti Mortgage Capital, Inc with officies and affiliates nationwide. They have programs specifically designed for California residents who have a high FICO score and therefore qualify for a low home mortgage loan rate.

They also offer a full portfolio of home loan products including debt consolidation loans, and home refinancing. First time home buyer loans are available.

For more immediate attention please call TOLL FREE 1-888-483-2500, email at Raoul@Infinitimtg.com or log on to www.goldmedalmortgage.com/NationwideLoanPrograms

The 3 credit agencies have valuable information on your credit scores. www.equifax.com, www.experian.com and www.transunion.com





This article courtesy of http://www.yourmortgagedirectory.com.
You may freely reprint this article on your website or in
your newsletter provided this courtesy notice and the author
name and URL remain intact.

Submit Your Article