What do I need to consider when refinancing one home to pay the down-payment of another?
Key Takeaways
The 1% rule of thumb for refinancing is only a general guideline. The greater the rate decrease, the greater the potential savings. Refinancing when the rate difference is less than 1% can sometimes be a good option. Interest rates aren’t the only reason to refinance.
How do you get an 800 credit score?
How to Get an 800 Credit Score
- Pay Your Bills on Time, Every Time. Perhaps the best way to show lenders you’re a responsible borrower is to pay your bills on time. …
- Keep Your Credit Card Balances Low. …
- Be Mindful of Your Credit History. …
- Improve Your Credit Mix. …
- Review Your Credit Reports.