Finding the best rates with excellent credit (780+)

[Bruno C.]

Does anyone out there have any unique ideas for negotiating the best rate around on a conventional mortgage? I'm looking to make my first purchase and leverage my excellent credit to get a low rate. Any tips?

~Bruno

[Paul Cordero]

Bruno C.

Your credit score is only a fraction of the determinants for getting approved for a mortgage loan and the rate available to you. I don't know any lender that will negotiate a rate based on your good FICO scores.

Your best bet is to shop around. Start with the bank you have your current accounts with, then maybe one more local bank, then get a quote from somewhere like Aimloan.com like Dawn mentions. You will want to work with whomever you feel most comfortable doing business with.

I hope this helps.