UtahCribs Weblog

Real Estate, Homes, News, Statistics and more

  • RSS UtahCribs

    • Salt Lake County Home Market Report April 2016 May 23, 2016
      Salt Lake County Highlights Median price closed out at $257,900 in SLC county which is up from January almost 8% (yes in 90 days).  Pricing is skyrocketing in the affordable price range; for Wasatch front really anything under $500K is seeing rapid appreciation still.  We warned this trend would happen last winter and we’ve been correct, waiting is costing . […]
      admin
    • The Dodo – Sugarhouse May 5, 2016
      It’s 2016 and in this day and age the landscape has changed rather drastically in the Sugar House neighborhood. With the development comes new, exciting places to chill and grab a bite.  However, you’ll find it’s bustling these days and on the weekends you need reservations. A staple in the ... Read More The post The Dodo – Sugarhouse appeared first on UtahC […]
      admin
    • Lone Star Taqueria – Cottonwood Heights May 4, 2016
      If you are a local to Cottonwood Heights then you know where to get fresh fish tacos; Lonestar Mexican restaurant. Even newcomers to the area know the location I speak of before ever even ordering a taco. Lonestar is a long term local joint known for it’s great food, great ... Read More The post Lone Star Taqueria – Cottonwood Heights appeared first on UtahC […]
      admin
    • Salt Lake County Home Market Report March 2016 April 20, 2016
      ACT Inventory last Thursday of March20152016 Salt Lake County Highlights Median price closed out at $255,000 in Salt Lake County which is up from January almost 7% (yes in 60 days!).  Pricing is skyrocketing in the affordable price range. Really anything on the Wasatch Front under $500,000 is seeing rapid ... Read More The post Salt Lake County Home Market R […]
      admin
    • How Quickly Are Homes Selling in Your State? April 13, 2016
      How can you tell if your local real estate market is hot?  One factor is days on market. Simply put, if houses are selling fast than you can be assured there are enough buyers to fill the supply. In Salt Lake City Utah right now we are one of the ... Read More The post How Quickly Are Homes Selling in Your State? appeared first on UtahCribs.
      admin
    • 2016 Twilight Concert Series Lineup April 13, 2016
      The Salt Lake City Arts Council announced the annual Twilight Series concert lineup Tuesday afternoon. These concerts run Thursday nights in Pioneer Park, Salt Lake City Utah. Gates open at 5:00pm and music generally starts around 7:00pm. This is an annual event in Salt Lake City that used to be ... Read More The post 2016 Twilight Concert Series Lineup appe […]
      admin
    • Zip Code Breakdown: 84105 – Sugar House, Utah 2016 April 7, 2016
      UtahCribs.com would like to welcome you to Sugar House, Utah. As of 2016 in Sugar House, Utah the population is 31,245. The median income is $44,500.00, unemployment is 2.90% and the median age is 34 years old. This is a hot, vibrant, working community with a lot of young adults. ... Read More The post Zip Code Breakdown: 84105 – Sugar House, Utah 2016 appea […]
      admin
    • Oh Mai – Cottonwood Heights April 4, 2016
      Pho and Bhan Mi and Noodles, Oh Mai! Like Dorothy, you step into a different world as you enter Cottonwood Height’s finest authentic Vietnamese restaurant.  Undersized for its popularity,  be sure to get here before 12 if you want a seat.  The food is great!  When it is your turn ... Read More The post Oh Mai – Cottonwood Heights appeared first on UtahCribs. […]
      admin
    • Blue Lemon – Cottonwood Heights April 4, 2016
      My friends tell you to meet them at Blue Lemon for lunch.  I am familiar with yellow lemons and  assume the existence of pink lemons (why would Country Time lie!?), but I am skeptical of these blue ones.  First things first, “Hey Siri… Directions to Blue Lemon.”  I tap on ... Read More The post Blue Lemon – Cottonwood Heights appeared first on UtahCribs. […]
      admin
  • Blog Flux Local - Utah
  • Spencer Janke

    Error: Twitter did not respond. Please wait a few minutes and refresh this page.

Your Credit Score effects your Interest Rate.. News on Current Interest Rates

Posted by UtahCribs, Real Estate, Homes on February 17, 2010

When it comes to interest rates, one of the biggest questions I get from buyers (First Time Home Buyers), is what effects the interest rate a bank will give me? Great questions, banks look at several different factors when determining someone’s elegibility to receive a loan.

One of the biggest factors is your Credit Score.

Credit score and interest rates..

If you have a credit score under 620, good luck getting a loan. And if you get a loan, your interest rate will be a lot higher than the average..Your DTI will be the next factor in getting a loan. DTI? Debt to Income Ratio. This means, how much debt do you have and are obligated to pay on in relation to how much money you make.

Another factor is job history, if you are someone who changes jobs often and has not been with one employer for a significant amount of time. Most banks will look at you as a risky buyer. There are many other factors effecting the loan approval process, if you would like more information please let me know..

One Response to “Your Credit Score effects your Interest Rate.. News on Current Interest Rates”

  1. […] Your Credit Score effects your Interest Rate.. News on Current … […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
Follow

Get every new post delivered to your Inbox.

%d bloggers like this: