No Place Like Home
R E A L E S T A T E L L C
*
*
M a k i n g D r e a m s C o m e T r u e
Office 603-532-8080 Fax 603-532-8081
P.O. Box 613 Jaffrey, NH 03452-0613
P.O. Box 613 Jaffrey, NH 03452-0613
Info@NoPlaceLikeHomeRE.com
www.NoPlaceLikeHomeRE.com
www.NoPlaceLikeHomeRE.com
2008 Member National Association of Realtors, New Hampshire Association of Realtors, Contoocook Valley Board of Realtors.
The material on this site is solely for informational purposes, and no warranties or representations have been made.
Copyright © 2008 No Place Like Home Real Estate LLC. All Rights Reserved.
The material on this site is solely for informational purposes, and no warranties or representations have been made.
Copyright © 2008 No Place Like Home Real Estate LLC. All Rights Reserved.
Home / Contact Us / Featured Listings / Search Properties / New Listings Emailed / Info For Buyers /
Info For Sellers / Town Information / Real Estate News / Mortgage Calculator / Free Credit Report / Monadnock Area Jobs / Links & Resources / Site Map
Info For Sellers / Town Information / Real Estate News / Mortgage Calculator / Free Credit Report / Monadnock Area Jobs / Links & Resources / Site Map
OFFICE 603.532.8080 FAX 603.532.8081
Your Credit Score (or Credit Rating),
indicated on a Credit Report, is important
because most lenders determine loan eligibility and
terms based on that information. Higher scores generally mean lower interest rates.
Credit Scores range from 300-850; higher is better. Many factors are considered when calculating a credit score, but the basic categories of information utilized are:
Payment history
Amounts owed
Length of credit history
New credit
Types of credit used
Scores of 620 and higher are considered desirable for obtaining a mortgage.
Borrowers with the highest range of credit scores, between 760 and 850, can expect
lenders to offer them the lowest interest rates and more loan choices. Scores of 620
or lower usually place a borrower in the 'subprime' category, and they can expect to be
quoted significantly higher interest rates and may be offered fewer varieties of loans.
A score of about 500-520 is generally the minimum that will qualify for a mortgage.
indicated on a Credit Report, is important
because most lenders determine loan eligibility and
terms based on that information. Higher scores generally mean lower interest rates.
Credit Scores range from 300-850; higher is better. Many factors are considered when calculating a credit score, but the basic categories of information utilized are:
Payment history
Amounts owed
Length of credit history
New credit
Types of credit used
Scores of 620 and higher are considered desirable for obtaining a mortgage.
Borrowers with the highest range of credit scores, between 760 and 850, can expect
lenders to offer them the lowest interest rates and more loan choices. Scores of 620
or lower usually place a borrower in the 'subprime' category, and they can expect to be
quoted significantly higher interest rates and may be offered fewer varieties of loans.
A score of about 500-520 is generally the minimum that will qualify for a mortgage.
For more information on credit and credit scoring: MyFICO
BEST LINKS:
To obtain your FREE CREDIT REPORT Click Here
Credit Reports
The importance of any factor depends on the
overall information in your credit report.
overall information in your credit report.
