How FICO Scores Affect Your Low Mortgage Rate Refinance
Knowing your credit score can be valuable, especially when applying for a low mortgage rate refinance. That’s because your FICO score is what determines the refinance rate you qualify for. If your credit score is 700 or above, it is very likely that you will be able to get the lowest rate possible. However, if you have a score of 699 or below, it is likely that you will be required to pay a higher interest rate.