Question

List at least two ways a consumer can lower his or her mortgage interest rate.

Answer 1

Here are five things you can do to reduce your mortgage rate when you refinance or purchase a home: Add one point to your credit score. Most non-government mortgage programs are priced by credit score, in 20-point tiers. If your FICO is 680 points, for example, you pay significantly less than if it's 679.

Explanation: