Home     About Us    Contact Us     Contribute     Privacy
Mutual Funds
Related Articles
Related Discussions
Related Definitions
Related Categories
Tip of the Day

Tip of the Day Write A Will

Write A Will - We never want to think our time here on earth may come to an end, but unfortunately, when your time comes, it is much better to...

read entire tip

Related Podcasts
Recently Added
Other Great Sites

Credit Score Home Loan

If you are looking at the prospect of obtaining a home loan, you need to understand your credit score, what to look for and what affects it. Home buyers who are seeking a mortgage find out early-on that their credit score plays an important part in the home buying process and in determining the interest rate that a lender offers.

Your credit score is a number that lenders use to estimate risk. Experience has shown them that borrowers with higher credit scores are less likely to default on a loan.

The three major credit agencies gather your credit information, plug it into a database and use a formula to determine your credit score, called a FICO, to determine your credit worthiness. They obtain this data from institutions which you done had business with, in the past including auto purchases, credit cards, and previous home mortgage loans. In addition any charge accounts such as department stores are included.

They tabulate all of you information and then use it to create a credit history. Your score is based on how well you meet your obligations, and if you miss or are late on any of your payments.

The three major credit reporting agencies don't necessarily use the same scoring software, so don't be surprised if you discover that the credit scores they generate for you are different.

When the credit bureaus compute your credit score they use the following breakdown of the approximate value that each aspect of your credit report adds to a credit score calculation. Use these percentages as a guide:

35% - Your Payment History 30% - Amounts You Owe 15% - Length of Your Credit History 10% - Types of Credit Used 10% - New Credit

Credit scores (usually) range from 340 to 850. The higher your score, the less risk a lender believes you will be. As your score climbs, the interest rate you are offered will probably decline.

Borrowers with a home loan credit score over 700 are typically offered more financing options and better interest rates, but don't be discouraged if your scores are lower, because there's a mortgage product for nearly everyone.

Discuss It!

imessage for Windows Download said:

then the Appleâs user is already acquainted with the iMessage app because it is documented for iOS users

Cinema box app said:

nice post!! Thank you for sharing.

Securities attorney said:

miracle pianist youtube said:

felt very happy while reading this site. This was really very informative site for me. I really liked it. This was really a cordial post.

internet marketing company said:

This is my first visit to your web journal! We are a group of volunteers and new activities in the same specialty. Website gave us helpful data to work.

calling me said:

Well there are obvious reasons for buying and selling a franchise and to think that nothing here is written on rushanessay.com at all is well, just a shocker, i was hoping to get a bit more detail here on that aspect but i guess thats really not how things work anymore !

chagapilz said:

I have read your post and I am waiting for another interesting post. Please update useful information on your blog.

Webdesign  said:

I found that site very usefull and this survey is very cirious, I ' ve never seen a blog that demand a survey for this actions, very curious...


Selling a franchis is huge for a business. If you're asking this question here, then you shouldn't think about going into any business. From the mentality you have, you will just fail and that would have a devastating affect on your life.


I found this is an informative and interesting post so i think so it is very useful and knowledgeable. I would like to thank you for the efforts you have made in writing this article.

cdb oil said:

Thanks for posting this info. I just want to let you know that I just check out your site and I find it very interesting and informative. I can't wait to read lots of your posts.

Latest Phones News said:

This particular papers fabulous, and My spouse and i enjoy each of the perform that you have placed into this. Iâm sure that you will be making a really useful place. I has been additionally pleased. Good perform!

UFABET said:

I am very enjoyed for this blog. Its an informative topic. It help me very much to solve some problems. Its opportunity are so fantastic and working style so speedy.

????? ??? ?????? ? ????? ?????? ? ????? ??????? ?????? ????? said:

I can always rely on you to deliver world class articles, and that's why you are one of my favorite writers right now. Your composition work is fantastic, and the content you post is just what I want. Keep up the great stuff.

NJ Website Hosting said:

I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article.

slickcashloan.com said:

Nice to be visiting your blog again, it has been months for me. Well this article that iâve been waited for so long. I need this article to complete my assignment in the college, and it has same topic with your article. Thanks, great share.

lake como rentals said:

hi was just seeing if you minded a comment. i like your website and the thme you picked is super. I will be back.

Most Popular Articles
Most Popular Definitions
Related Questions
Daily Definition

Definition of the Day Chicago Stock Exchange

Chicago Stock Exchange - The Chicago Stock Exchange is also known as the CHX, and is a stock exchange that operates regionally. The Chicago Stock Exchange was founded in 1882 but merged with the another stock exchange, the Midwest Stock Exchange, in 1949 and it was...

read entire definition




Home     About Us    Contact Us     Contribute     Sitemap


Copyright © 2009 TeenAnalyst.com