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What could the savings be on a mortgage by raising your score?

About 6 months ago we had a client who was a successful Doctor that was interested in refinancing a very high mortgage. His score was a 680 and the mortgage was over one million dollars. He needed 40 points and his mortgage would go from $28,000 a month to $18,000. The savings he would enjoy were huge. This is typical in terms of the value of having high scores. It doesn’t matter if your mortgage is $400,000 or over a million. Every consumer that reaps the benefit of saving on their monthly payment is extremely pleased. It is all relative. If you are saving $400 a month on a mortgage that was $1700 that is a lot of money.



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