Balloon Mortgage Home Loans

« Home

bad credit history

As you probably understand, mortgage lenders look to your credit history to evaluate what type of a borrowing risk you are. Traditionally, this evaluation is represented in the form of FICO scores, a term named after the company that started the system - Fair, Issacs.You might be surprised to learn that a bad credit history is a subjective determination. FICO scores are interpreted differently by mortgage lenders, but there are some general guidelines. The "perfect" borrow has a FICO score of 800, but nobody falls into that category. Instead, most fall in the 700 to 600 hundred range and get treated


Types of Mortgage




Previous posts



Archives

Google Docs -- Web word processing and spreadsheets. Edit this page (if you have permission) | Report spam