About Rates

If you're reading this, we are probably not the only mortgage brokers you've seeked out. Sure, everyone under the sun is offering the lowest rates (attached to some very fine print that is always impossible to read), but are they guaranteed? Just like when we purchase anything else, we'll visit several other vendors trying to save as much as possible, but mortgages don't work that way. With any other industry, there are those that will lure you in with promises of grandeur and surprise you at the closing table. We stand by our motto, "where our word is gold," and don't need to lower to bait-and-switch tactics.

To gain your confidence and ultimately keep our word, there are variables that factor into ensuring the rate you qualify for is the rate you will close with. Please understand that no two loans are alike. For example, let's say you and a friend buy homes next door to each other on the same day for the same amount. The both of you will definitely not be approved for the same rate. The best way to explain why is with an acronym, PICA. PICA, or property, income, credit history and assets, represents the four most important variables in qualifying you for the lowest rate possible. Other factors include loan amount, type and term.

We offer extremely competitive rates and pride ourselves in maintaining unbelievably low closing costs. Let us amaze you, apply here.

Your personal credit history will help decide where you qualify. We deal with all kinds of credit types and can help get you back on track and re-establish your credit, even if you've fallen behind on your bills. Here you'll find how the industry grades your credit and factors your rate.

CREDIT GRADING DESCRIPTIONS

Very Good
No late mortgage payment in the last 12 months. Major credit history is excellent. Prior bankruptcy/foreclosure discharged or settled prior to last 5 years.

Good
No more than two 30-day late mortgage payments in the last 12 months. Major credit history is very good. Prior bankruptcy/foreclosure discharged or settled prior to last 3 years.

Fair
Two or more 30-day late mortgage payments in the last 12 months. Major credit history may include one 60-day late payment in the last year. Prior bankruptcy/foreclosure discharged or settled prior to last 3 years.

Needs Improvement
No more than 60 days late on a mortgage payment in last 12 months. Major credit history may include up to a 90-day late payment in the last year. Prior bankruptcy/foreclosure discharged or settled prior to last 3 years.

Needs Improvement
No more than one 90-day late mortgage payment in last 12 months. Major credit history may include poor payment history. Not currently in bankruptcy.

* The articles and materials on this Web site are for general information only and are not intended to provide specific advice or recommendations for any individual. The information on our site is intended to be accurate. However, your individual credit rating may vary, dependent on your credit history.

Accomplishing your goals can be simple and unnerving when you have Worldwide Capital Mortgage looking over your shoulder. But if you have any additional questions and concerns, you can call us at (866) EZFUNDZ or send us an email.