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- MortgageRefinance.com
5/25/2011 1:29:18 PM
Your credit score consists of a three-digit rating that demonstrates to potential creditors the odds of you repaying your mortgage or other loan. It not only determines how much a creditor loans you, but what interest rate you pay. Credit bureaus or grantors compute the credit score from data contained in your credit report. Generally, credit reports have the information on payment history, total amount owed, length of credit history, new credit and credit type. Many mortgage applicants do not know their credit scores. All too common, many borrowers receive their score and become disappointed when they fail to qualify for mortgage loans. Read more
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- MortgageRefinance.com
9/19/2010 8:23:38 PM
Unfortunately, since home loan lenders increasingly eschew thorough credit report analysis, depending instead on scores alone, home mortgage borrowers must ensure not only to build and maintain good credit, but also to monitor credit reports for errors. Read more
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- MortgageRefinance.com
3/15/2010 12:39:28 PM
The media has finally injected some creativity and humor into the world of credit scores. Beginning with the slacker-dude in the catchy “FreeCreditReport.com” commercials to the recent ads portraying the low credit score as a flea-bitten mutt, credit scores have emerged from the dark crevasse of financial lending into the limelight—and thank goodness for it. Read more
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