Refinance

QI Have Been Late A Few Times On My Bills. Does This Mean I Will Only Qualify For A High Interest Rate Loan?
AA late payment must be at least 30 days late before it will show up on your credit report. If you have been late less than three times in the past year on credit card debts, and the payments were no more than 30 days date, you have a good chance of getting a competitive interest rate. Late mortgage payments are more serious if you are thinking of refinancing or purchasing a new home. Late mortgage payments will negatively impact your credit score and can make it difficult to qualify for the best loan products and interest rates. Lenders are very critical of mortgage payment history and some lenders will not offer conforming loan products to borrowers with late payments in the past two years. If you are overwhelmed by your monthly debt, it is most important to stay current on your mortgage payments.