Silver: Lender's Report, Lender's Scores
& Analysis

Only $59.95
Get Your . . .
  1. FICO® Credit Scores Lenders use
  2. Complete Credit Score Analysis
  3. Potential Mortgage and Auto Loan Qualifications

Gold: Lender's Report, Lender's Scores, Analysis
& Steps to Score Improvement

Only $79.95
Get Your . . .
  1. FICO® Credit Scores Lenders use
  2. Complete Credit Score Analysis
  3. Potential Mortgage and Auto Loan Qualifications
  4. Personalized Solutions to Higher FICO® Credit Scores

My Credit Plan Blog

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Latest News and Updates

What a week for interest rates! Rates have taken a wild ride lower over the last several months. This week however, rates have broken through new lows. The 10 year treasury bond hit historical lows on Friday, February 28 at 1.13%. This historical rate drop gives a generational opportunity for many homeowners to lower their monthly payments. What opportunity is there for consumers? Let’s take a look.

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There are four separate home buyers purchasing the same exact home with the same sales price of $300,000, same seller concessions and down payment. Everything is the same for the four buyers except how much they eventually pay. You would think since the sales price is the same for the four buyers, they will all pay the same. They don’t. They all will pay different amounts. This unfamiliar oversight is the most costly mistake most prospective homebuyers make!

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Most every homebuyer is unaware of the potential savings / she is bypassing by not knowing this critical information. This blog pulls the curtain back for homebuyers - your loan officer is not going to tell you this information. We will - this is critical to know!

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Many new homebuyers have little-to-no understanding how FICO scores will determine monthly payments and ultimately, your purchasing power. This is so critical for new homebuyers to check your FICO scores and identify solutions to improve them before looking for a new home.