improve credit scores: How to Improve your Credit Scores - 05/03/11 02:26 PM
 
As you may know your credit score is an important factor in determining the overall cost to your mortgage loan. Interest rates are priced based on the middle of your 3 credit scores. The 3 major credit bureaus have an automated system that determines your credit scores based on several primary factors.
The factors are:
35% is based on your payment history for all your accounts 30% is based on the amount you owe on revolving accounts like credit cards 15% is based on ow long you have been using credit 10% is based on your applications for new credit … (0 comments)

 
Dan Chapman, Dan Chapman Mortgage Pro ( The Legacy Group)

Dan Chapman

Dan Chapman Mortgage Pro

Santa Clarita, CA

More about me…

The Legacy Group

Address: 2805 Smyth Drive, Valencia, CA, 91355

Office: (661) 295-4686

Mobile: (425) 503-3209

Email Me

This is my blog all about the world of Mortgages and financing. I will cover a variety of topics from what is happening in the current housing and mortgage market to how this affects you and your finances and what you can do to put yourself in a better situation financially. God Bless, Dan Chapman


Links

Archives

RSS 2.0 Feed for this blog