Tips from KW McKinney Realtor Jane Clark on financing that Perfect home.

Written by Jane Clark Posted in Financial Articles

First Bank VP Chuck Miller on getting the BEST interest rates

Tips from KW McKinney Realtor Jane Clark on financing that Perfect home.

Part of a Four Part Series with Mckinney Mortgage Banker Chuck Miller of First Bank on getting the best interest rates

After fourteen years as one of McKinney’s best Realtors®, Kw McKinney Realtor Jane Clark knows that one of the most important aspects of negotiating a purchase contract on that ideal McKinney Home for sale is the financing  package a buyer can bring to the table.  A Buyer with great financing is a low risk buyer and sellers find that very attractive.

The natural next question is: What makes for a low-risk mortgage applicant? Well, we spoke to Chuck Miller from First Bank our local McKinney Mortgage expert to give you some insight. The result is this series of articles you will see over the next few weeks.  So read on to see what it takes to qualify for those super-low mortgage interest rates.

Criteria #1: Credit Score of 740 and above

It may seem obvious but one of the most important points to remember is that a lender is really an investor and he is investing in you as a potential investment partner. When a lender is deciding whether or not to let you borrow tens or even hundreds of thousands of dollars, they really need to know that you'll pay it back. And that your McKinney Real Estate investment is backed by sufficient value to warrant the loan. And for lenders, your credit score is an indicator of how risky lending that money might be - and therefore, how high or low your interest rate should be.

So what makes up a credit score? Credit scores run from 300 to 850 - and the higher the better, according to Chuck Miller our McKinney mortgage expert from First Bank. "You get better rates with a better credit score. The higher the score, the less risk a lender sees, and the better the rate he can offer you,"

But just how high does your score need to be to get the lowest interest rate? He says that to get the best rates you'll want a score of 740 or above.

"Anything below 740 and you're going to be paying a little bit extra," he says. And if you're wondering what that "extra" can amount to, it really depends on how low the score is. It can be as much as half a percent for a 620 score, but as little as an eighth of a percent or less for a score of 700.  Remember your lender is a business man and is competing to give you the best possible rate at the lowest possible risk, so help him to get you the best deal possible and keep that credit score up when thinking of purchasing that perfect McKinney or Allen Home for Sale.

About McKinney Realtor® Jane Clark,

Jane Clark Realty is associated with Keller Williams McKinney. Your Listing deserves the Jane Clark touch. Jane is a nationally recognized TOP 5 elite producer for Keller Williams. Jane Clark has been featured in national media as a Real estate technology expert. She is a perennial winner of D Magazine’s Best Realtor award and has been voted the BEST McKinney Realtor.  Jane specializes in homes for sale in McKinney and is a successful Allen TX Realtor as well. Jane Clark has been a fixture in McKinney real estate for 14 years and her office is located at

Jane Clark

Jane Clark Realty

6951 Virginia Parkway suite 100

McKinney, Texas 75071

Direct 214-802-4680

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About the Author

Jane Clark

Jane Clark is TREC Licensed (License # 479854) Real Estate Agent associated with the Keller Williams in McKinney Texas. She has been a fixture in McKinney Real Estate for 14 years. She has had some spectacular accomplishments over her long and productive career. Jane is most proud of the fact that she received national recognition as a top 5 elite producer in her five state region. In fact she was number 4 out of over 4000 agents. KW McKinney Realtor Jane Clark is well known  because of her avid pursuit of excellence in customer relations.  However it belies the fact that she is a popular Allen TX Realtor as well. Jane Clark is a perennial winner of D Magazines Best Realtor award and she has been named in McKinney Living Magazines BEST McKinney Realtor poll as well. Here are a few of her other accomplishments. Keller Williams Top Producer of the Year (2001-2012), Named one of the most Successful Real Estate Agents by Inside Collin County Business, 2002-2012) ;member of Agent Leadership Council; Keller Williams North Collin County Top Individual Outstanding Achievement in 2009-2012; Keller Williams North Collin County, Gold Outstanding Team Achievement in 2009 and Double Gold Outstanding Achievement 2010 - 2012.  If You have a house for sale in McKinney or you are looking for an Allen TX Home for sale. You ought to be talking with Jane.  I think you will find that KW McKinney Realtor Jane Clark is the right Real Estate Agent for you!

CBS Marketwatch and Yahoo Finance Called Jane Clark a Top 5 Elite ProducerTop 5 Elite Producer for Keller Williams

CBS Market watch -  On the Best Qualities of McKinney RealtorBest Qualities of McKinney Realtor Shannon Patterson 

To learn more about the Jane Clark Realty Group You can connect with Jane Clark at Google+

mckinney_realtor_blue ribbon1 Voted Best Realtor  "D" Magazine 2006-2012
mckinney_realtor_blueribbon2Top Producer   Keller Williams   North Collin County
mckinney_realtor_blue ribbon3 20+ Years raising a family in Collin County
mckinney_realtor_blueribbon414 years experience  Full-Time Realtor  KW Agent Leadership Council