Phyllis Michaels at Guaranteed Rate (NMLS #1584433)

Category: Mortgage broker in Boca Raton, Florida

Address: 1900 Glades Rd Suite 400, Boca Raton, FL 33431, USA

Phone: +15612456652

Opening hours

Sunday: Open 24 hours

Monday: Open 24 hours

Tuesday: Open 24 hours

Wednesday: Open 24 hours

Thursday: Open 24 hours

Friday: Open 24 hours

Saturday: Open 24 hours

Reviews

Lisa Geck

Apr 11, 2021

Dan made our whole refinance process so easy. He walked us through every step, and got us a great rate. I can’t recommend him enough!

SungJoong Ahn

Jan 18, 2021

I feel very lucky to have her as my loan officer. She cares people. She is a very hard working person. Once I started to work with her, she was processing my case in a timely and diligent manner. Also she is very knowledgeable about what she is doing. She has excellent and efficient communication skills too. I would like to thank her with all my heart for her great work.

Karen Berlin

Jan 7, 2021

Phyllis goes over and beyond to provide superior service and follow up, not just for the client but for the agents involved in the transaction. She excels at thinking outside -of- the- box to create opportunities for both the client and the agents who work with her. Her wealth of knowledge, problem-solving skills, and hands-on participation throughout inspire a well- deserved respect for her professional excellence.

Ryan Nutter

Jan 4, 2021

Had a wonderful experience working with Phyllis. She helped educate and guide me though the home buying process. Furthermore she was incredibly responsive to all questions and concerns that came up.

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Questions & Answers

Why are mortgage credit scores lower than what I see on Credit Karma?

Phyllis Michaels at Guaranteed Rate (NMLS #1584433) | Jan 19, 2022
Phyllis Michaels at Guaranteed Rate (NMLS #1584433) | Jan 19, 2022

Credit Karma and other published consumer reporting sources use a different credit modeling system than mortgage companies. A mortgage scoring system is more stringent and you will most likely see a 20 point reduction when a mortgage lender pulls your credit. please call me for more information.

Do you have any programs if I don't have the down payment required to buy a home?

Phyllis Michaels at Guaranteed Rate (NMLS #1584433) | Jan 19, 2022
Phyllis Michaels at Guaranteed Rate (NMLS #1584433) | Jan 19, 2022

Yes, we have state DPA programs and investor DPA programs. All of these programs are credit score and income driven. Please call me to find out more.

How is my interest rate determined?

Phyllis Michaels at Guaranteed Rate (NMLS #1584433) | Jan 19, 2022
Phyllis Michaels at Guaranteed Rate (NMLS #1584433) | Jan 19, 2022

Interest rates are credit risk driven. Each persons interest rate is different. Interest rates are determined by the seven key factors: property type, loan to value, home location, credit score, loan term, interest rate type, & loan type. Please call for more information.

What is the minimum amount of money needed to buy a home?

Phyllis Michaels at Guaranteed Rate (NMLS #1584433) | Jan 19, 2022
Phyllis Michaels at Guaranteed Rate (NMLS #1584433) | Jan 19, 2022

The minimum down payment to buy a home is 3-5% down payment depending on your credit profile. In addition, you will need 3-5% for closing cost depending on your market and/or seller help. Please call for more information.

What is the minimum Credit score to qualify for a mortgage?

Phyllis Michaels at Guaranteed Rate (NMLS #1584433) | Jan 19, 2022
Phyllis Michaels at Guaranteed Rate (NMLS #1584433) | Jan 19, 2022

you will need a minimum of 580 credit score to qualify for a mortgage. However, the cost of a mortgage will be much less with a 620 credit score. A good credit score is considered to be 680. However, the best interest rates area offered to borrowers with credit scores of 740 and above. Please call for more information

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