Found 1 blog entry tagged as Cost of Mortgages.

When it comes time to purchase your Piedmont or Oakland home, you need to be aware of some of the considerations that lenders will be making when they set your mortgage rate.  Obviously, interest rates are still quite low compared to years ago when they were 10% and more, but even with today's lower rates, the elements involved in rate setting are still important to your home's purchase.

Here are some considerations that come into play:

1. Your Credit Score--While this may seem obvious, this score is their key indicator as to how responsible you are about acquiring debt, and paying it back in a responsible and efficient manner.  A good credit score will go a long way to attracting an appealing mortgage rate.

2. How Much You Plan to Borrow--If…

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