When looking for the mortgage loan that is right for you, you will discover that interest rates are constantly changing. You may wonder why rates change so often, and what this means for you when getting a home loan.

Interest rates are based on the current market conditions.  The current rates can adjust based on individual scenarios and their credit risks.   

The eight key factors used to determine a borrower’s overall risk are:

· Loan amount
· FICO score
· Occupancy
· Loan Purpose (purchase or refinance)
· Debt-to-Income Ratio
· Property Type
· Loan-to-value / Combined loan-to-value

Check BluFi's current rates or call a licensed Mortgage Banker at 1-800-644-7779.