Is it Time to Refinance Your Mortgage?
There are tons of mortgage refinancing opportunities out there - but only one mortgage quiz. In order to find the right refinancing for you goals, take our mortgage quiz now.
1) Which of the following determines mortgage rates?
Federal interest rate
Bond market trading
Stock market indices
Crude oil prices
2) What does FICO stand for and what does it mean?
Federal Index of Credit - your available credit
FannieMae Investment Company -your home equity
Fair Isaac Corporation - your credit rating
Federation of Injured Creditors -your total debt
3) Which is NOT a determining factor in your FICO score?
Length of credit history
Amounts owed
Annual salary
Payment history
4) If your credit is less than perfect, which type of loan might you receive?
Jumbo
Subprime
Conventional
Interest-only
5) Different financing strategies make sense at different stages of life. How old are you?
Under 18
18-20
21-24
25-34
35-44
45-54
55+