Credit FAQ...
Shopping for the right home mortgage can be easier when you
have a basic understanding of credit and how both good credit and
bad credit affects the loan process.
An example of how credit is scored...
Home loan borrowers are grouped into certain categories by
lenders based on the following criteria:
- A composite credit rating score which takes factors important
to the lender into account and results in a numeric credit score
number. Though these type ratings are similiar between lenders,
there are some variations of credit score between mortgage lenders.
- The number of times payments were 30 days late by the borrower.
This can be mortgage payments, car payments or even utility bills.
Often borrowers are classified as 0x30, 1x30 etc. to reflect this
figure.
We understand...
Whether you have perfect credit or less than perfect credit,
these credit scoring systems and numbers can seem cold and impersonal.
It takes a skilled
loan counselor to read between the numbers to see the underlying
facts. At Primequity®, you are not just another number to us. We
realize that credit score numbers do not reflect all the extenuating
circumstances that can
be a
part of
everyday life. We are not just another cold and impersonal
mortgage lender that only cares about what your credit score numbers
are. We want to work with you and we really understand.
Contact us today...
By telephone at 1-877-600-5550 or apply online. Our friendly
staff of loan counselors is here for you. If you have perfect credit
our loan counselors will find the best loan for you, either with
the lowest upfront cost or the overall lowest rate. If you have
had credit difficulties, we understand and will work with you to
find the loan package for you. |
