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Home equity loans are a type of second mortgage that let. so you’ll want to shop around for the best deal. If your credit score is lower than 620, it may be difficult to qualify for a home equity.
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Credit score: Your credit score will be used to help determine the interest rate you’ll pay. But just because you have less than perfect credit, that doesn’t mean you can’t get a decent rate. The credit score that an auto lender uses may be somewhat different than the score you see if you get your own credit so don’t get too hung on up the number.
FICO 650..Can I get A Loan – Lowest Home Loan Interest Rates – Your credit score of 650 is fine for a low down payment FHA loan. You will get the same rate as someone with a 800 credit score. Call me and I will be happy to help you purchase your new home.
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