topic Right Time To Refinance in Home loans

Right Time To Refinance

Brownse1 — Mon, 10 Jun 2019 21:49:07 GMT

My credit score a year ago when I bought my house granted me a high 5.675% loan. Since then my score has risen to 747 and I’d like to look in to refinancing to get the lowest interest rate possible. What credit score do I need to get the lowest rate?

Re: Right Time To Refinance

Anonymous_ — Mon, 10 Jun 2019 22:27:51 GMT

@Brownse1 wrote:
What credit score do I need to get the lowest rate?

760 or better. See https://www.creditkarma.com/advice/i/fico-score-mortgage/

Re: Right Time To Refinance

NCperson — Mon, 17 Jun 2019 03:16:07 GMT

Yeah, but given how rates have fallen over the last 2 months, best to refi now!!!!

By the time you get your score higher, rates may be higher as well