Take advantage of the lowest possible Interest Rate available when you have:
- Good credit rating: a 620 middle score with no late payments or derogatory marks.
- Continuous, verifiable, stable income within last 24 months or more.
- Adequate (verifiable) funds for down payment (20% of Sale Price or value) and closing costs.
- When the property you are buying will become either your primary residence or your 2nd / vacation home (depend on specific location and driving distance to your current residence).
