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Many new homebuyers think that for getting the lowest mortgage rates, all they need to do is shop around and find the one that suits their requirements the most. It is noteworthy that the mortgage rate is determined on the basis of many economic factors you can’t control. But at the same time, there are many other factors too that you can definitely control that can have a great impact on your mortgage rate. The factors are divided into two categories - the risk that the bank has for lending you money and the way you will modify the loan to your advantage. Here are the risk factors that you must know about. Credit Score This is the most important factor that affects your ability to get the lowest interest rate. The target varies from lender to lender but a credit score near or above 720 can generally help you in getting the lowest mortgage rate. Lower credit score may result in higher interest rates on your mortgage. If you don’t know your credit score, you should c

You no longer have to go to your nearest bank branch to apply for personal loans. The internet has made all of it quite easy. In just a few clicks, you will be able to apply for personal loans and get approved for them in no time. You can now find portals to apply for personal loans; eliminating the need of going anywhere. From applying for the loan to receiving it, you can do it all from the comfort of your home. Here are some of the benefits of applying for personal loans online. Suitable for Emergencies Most of the time, people look for a personal loan in case of emergencies when time is of great importance. In such emergencies, it can be time-consuming to go to a lender, apply for a personal loan, wait for the approval, and then get it. Here, applying for a personal loan online is a time-saving option and one can get access to the funds quite sooner. Minimum Documentation Taking a personal loan means you will have to go through a lot of documentation. But onl