Here is an example of how your mortgage insurance rates can vary due to credit score.
These numbers are based on a $100,000 loan at 95% loan to value ratio.
MI Payment Chart…
| Credit Score Range | MI Payment Amount |
| > 760 | $45 |
| 720 to 759 | $51.6 |
| 680 to 719 | $74.17 |
| 620 to 679 | $95.83 |
The lesson here is protect and monitor your credit as much as you can. Keeping your scores up can save you alot of money!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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