Ar_home_b_search
 



credit scores: 1, 2, 3 of Do's and Don't Of Credit - 06/14/10 07:06 PM
Well, we hear so much about how important credit is when it comes to securing a mortgage.  Good credit is CRITICAL when working towards getting best rates and terms.
Don't Apply For New Credit.  Evey tme you have your credit checked, you can lose points from your credit score immediately. Don't Pay Off Collections or Charge Offs. If you want to pay off old accounts, do it through escrow and make sure the debt is yours.  Request letter for deletion from the creditor. Don't Close Credit Card Accounts.  If may appear that your debt ratio has gone up when account is … (2 comments)

credit scores: Credit Score - Still A Big Factor For Getting A Loan - 05/08/08 05:19 PM
Getting a loan is becoming difficult.  Strict underwriting guidelines are making lenders look more at the boworrow's ability to pay. 
Lenders look at the five C's - character, capacity, collateral, capital and credit.  Still, credit scores are important as it is a quick profile of your credit history.  Just month ago, a credit score of about 620 was considered okay to seek a pretty good mortage rates.  Now, many lenders want higher scores.
Which means checking your scores and making sure the information is correct becomes really crucial.  There are three major bureaus that you can get your credit report.  Make sure all three bureaus are … (6 comments)

 
Ellie_4

Ellie Viray, Realtor

Pasadena, CA

More about me…

John Aaroe Group, Inc.

Office Phone: (626) 792-4220

Cell Phone: (626) 524-4136

Email Me



Links

Archives

RSS 2.0 Feed for this blog