Many factors affect interest rates.
By looking at your complete financial picture, we can give you a meaningful rate quote that addresses your unique situation. Credit and Payment History Making timely mortgage or rent payments is very important. Paying late just once by 30 days or more can affect both the loan and the interest rate offered you. Late payments on credit cards, car payments and other bills can also affect your interest rate and loan amount. Lenders often have a maximum ratio percentage that they will allow a borrower to have.