having 690/700 credit make a big difference?

Don't pay it!?!? I will give you advice on your credit for FREE. Usually a simple fix. Call me anytime today! WI: 866-680-2840 Ext. 15

There is no difference in my rate for a 695 or a 700 score. Feel free to contact me at anytime. I am more than happy to answer any questions you may have. 920-202-0318

Hi,Yes, improving your score will help lower your interest rate. It depends on your situation it a credit repair company will need to be hired to gain 5 points. Many times doing one small thing can gain the 5 points. Does spending $1800 offset the savings with a lower payment would be a great question. If the payment is $20 a month lower and you spent $1800 to hopefully improve your score, it would take 90 months of payments before spending the money made sense. It also may be cheaper to buy the rate down instead of hoping the score improved.

RUN! Mortgage lenders are not in the business to repair credit. There are too many credit unions and banks who will finance you with a 695 score.

Your credit score is just fine right now... Especially if you are doing an FHA Loan or a USDA loan - in which case you already qualify for the best rates. For a conventional loan, you will be paying about .25% higher than someone with a 740 or higher credit score. We lending in WI, MN, and SD - visit www.WI-MortgageBroker.com

Gerrod, if you are looking at Conventional Conforming loan (Fannie/Freddie) then yes, there could be a slight difference in rate/price between 695 and 700 but definitely not worth a 1800.00 fee for credit repair. If you are above 80% Loan to Value and require Mortgage Insurance then there will most definitely be a difference between 695 and 700 and the higher you can get the scores, the better the terms will be. I would definitely another loan originator to discuss your overall goals and how your current score plays into what you currently qualify for in terms of mortgage financing. I offer FREE credit repair/rebuilding to my clients that need it as an added value for working with me. I recently closed a refinance where we improved the borrowers score from 711 to 723 and it slightly improved the price on the rate they qualified for on the loan but saved them thousands of dollars through reduce PMI premiums.

WHEDA is a conventional option that you may also qualify for. No additional closing fees or rate increase on a WHEDA loan with a credit score above 660. There would be no difference in the cost of Private Mortgage Insurance either between those two scores. Yvette JenkinsNMLS ID 455918Johnson Bank920-225-5534

Yes that is a better idea. Use the additional $1800 to buy down your interest rate.Usually I don't have many clients paying points or extra charges. But it would be better spent than to the Credit Repair company.

NO way should you pay $1,800, or even $180 to improve your score from 695 to 700. An honest and ethical lender will tell you that there is not much difference in the pricing at the 700 point mark. I would encourage you to look for another local Mortgage Banker/Broker to see what kind of pricing they can get you and what the difference would be if your score was only 5 points higher. We offer credit enhancement services as a service to our customers at no charge. If we were licensed in Wisconsin, I'd help you out. Good luck. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in Arizona (AZLO0911876 / AZBK0902429), Washington (WALO40586 / WACL3087) and California (CADOC40586 / CAFLL6036566). We are licensed by the CA-DBO under the CFLL and CRMLA. Loans made or arranged pursuant to CFLL or CRMLA license. ~ www.LoansA2z.com ~ 888-889-9950