Credit Cards For Fair Credit » Mortgage Credit http://credit-cards-for-fair-credit.com Credit Cards For Fair Credit Fri, 25 May 2012 11:07:58 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Getting Mortage Based Entirely on FICO Score? http://credit-cards-for-fair-credit.com/6001/getting-mortage-based-entirely-on-fico-score/ http://credit-cards-for-fair-credit.com/6001/getting-mortage-based-entirely-on-fico-score/#comments Sun, 05 Sep 2010 17:44:08 +0000 Author

I'm self-employed and I have an exceptional credit rating: Equifax FICO is 802 and TransUnion is 789......Does anyone know if I can get a fixed mortage for, say 100K, based entirely on my credit score?


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]]> http://credit-cards-for-fair-credit.com/6001/getting-mortage-based-entirely-on-fico-score/feed/ 11 How can I find out my credit score I would get if applying for a mortgage vs. my FICO? http://credit-cards-for-fair-credit.com/5209/how-can-i-find-out-my-credit-score-i-would-get-if-applying-for-a-mortgage-vs-my-fico/ http://credit-cards-for-fair-credit.com/5209/how-can-i-find-out-my-credit-score-i-would-get-if-applying-for-a-mortgage-vs-my-fico/#comments Fri, 20 Aug 2010 19:17:30 +0000 Author

I know that the calculations used by lenders for a mortgage differ from Fair Isaac (FICO). I have TrueCredit (by TransUnion) triple credit monitoring which gives me unlimited access to all three of my credit reports (TransUnion, Equifax, and Experian) AND my FICO scores. I am preparing myself for a refinance and I want to see how I am scoring with the mortgage calculation, since I have improved my scores significantly over the past year when I got my sub-prime mortgage. My one year prepay penalty is coming up in late December and I want to be fully prepared before I start shopping. Also, what ABSOLUTE MINIMUM credit scores do I need, (FICO) and (Mortgage Lender), to be considered for a Prime rate (<7.5%). Thanks for your help, the people that contribute are greatly appreciated and I'm honored for your time and efforts! Keep up the good work!!!
So I just figured out recently that TransUnion's TrueCredit scoring use FACO and not a true FICO. I went to each bureau seperately and got my FICO and heres what I found, its astounding:
TU EXP EQ
FACO: 637* 596 607
FICO: 637* 660 678

*TransUnion only offers this scoring

I was going off this FACO calculation for over a year! Come to find out I have pretty good credit, and the things I have done to improve it had paid off substantially more than I thought in the past! My Mortgage score was MUCH higher than my FICO when I was applying for my first mortgage. So I now feel that my MORTGAGE SCORE should be in the 700s? Does anyone agree with that? That a middle score of 660 FICO would be at least 700 in Mortgage credit scoring?


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]]> http://credit-cards-for-fair-credit.com/5209/how-can-i-find-out-my-credit-score-i-would-get-if-applying-for-a-mortgage-vs-my-fico/feed/ 2 When is credit scoring fair; Good and Very good on the scale of 0-1000? http://credit-cards-for-fair-credit.com/4985/when-is-credit-scoring-fair-good-and-very-good-on-the-scale-of-0-1000/ http://credit-cards-for-fair-credit.com/4985/when-is-credit-scoring-fair-good-and-very-good-on-the-scale-of-0-1000/#comments Mon, 16 Aug 2010 07:13:13 +0000 Author

Credit scoring is given on a score 0-1000 and I need the corresponding bands for the asked attributes.


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]]> http://credit-cards-for-fair-credit.com/4985/when-is-credit-scoring-fair-good-and-very-good-on-the-scale-of-0-1000/feed/ 3 How long will a credit card company keep piling on charges until they consider you in default or collections? http://credit-cards-for-fair-credit.com/4525/how-long-will-a-credit-card-company-keep-piling-on-charges-until-they-consider-you-in-default-or-collections/ http://credit-cards-for-fair-credit.com/4525/how-long-will-a-credit-card-company-keep-piling-on-charges-until-they-consider-you-in-default-or-collections/#comments Sat, 07 Aug 2010 05:43:02 +0000 Author

I lost my job and didn't have credit insurance. I haven't paid even a minimum monthly payment in almost a year. The credit card company keeps charging me close to 0 every month in late fees, over-limit fees, exhorbitant interest, etc. They are only ensuring that I can't pay them. Will the amount I owe them ever stop growing?


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]]> http://credit-cards-for-fair-credit.com/4525/how-long-will-a-credit-card-company-keep-piling-on-charges-until-they-consider-you-in-default-or-collections/feed/ 3 My credit score is 678 and Im 22.. is this good? http://credit-cards-for-fair-credit.com/3578/my-credit-score-is-678-and-im-22-is-this-good/ http://credit-cards-for-fair-credit.com/3578/my-credit-score-is-678-and-im-22-is-this-good/#comments Mon, 19 Jul 2010 16:48:21 +0000 Author

It said on the site that I have fair credit. But all they are going off of is credit cards. So really I don't have much credit. For being 22 and not having very much credit, is that a good credit score?


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]]> http://credit-cards-for-fair-credit.com/3578/my-credit-score-is-678-and-im-22-is-this-good/feed/ 3 can i get a fha loan if my fico score is 588 and my husbands is 546? http://credit-cards-for-fair-credit.com/3567/can-i-get-a-fha-loan-if-my-fico-score-is-588-and-my-husbands-is-546/ http://credit-cards-for-fair-credit.com/3567/can-i-get-a-fha-loan-if-my-fico-score-is-588-and-my-husbands-is-546/#comments Mon, 19 Jul 2010 12:55:26 +0000 Author

i don't have have a job but my husband does but my credit is slowly building up because we're paying on a student loan i have. so would we be able to get a fha loan for a house? what is the min. fico score you need for one in texas?


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]]> http://credit-cards-for-fair-credit.com/3567/can-i-get-a-fha-loan-if-my-fico-score-is-588-and-my-husbands-is-546/feed/ 2 What is the minimum credit score needed to obtain auto loan? http://credit-cards-for-fair-credit.com/3545/what-is-the-minimum-credit-score-needed-to-obtain-auto-loan/ http://credit-cards-for-fair-credit.com/3545/what-is-the-minimum-credit-score-needed-to-obtain-auto-loan/#comments Mon, 19 Jul 2010 02:25:04 +0000 Author

I plan to purchase a new car however I wanted to be approved for a bank loan before I go to the car dealership. In our area, Chase Bank is offering rates of 4.4% at the most. What is the minimum credit score needed to be approved. I don't want to go around applying for different loans if I will continue to get turned down which will then lower my credit score.


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]]> http://credit-cards-for-fair-credit.com/3545/what-is-the-minimum-credit-score-needed-to-obtain-auto-loan/feed/ 9 Can I call a store to ask what kind of credit score they prefer? http://credit-cards-for-fair-credit.com/3529/can-i-call-a-store-to-ask-what-kind-of-credit-score-they-prefer/ http://credit-cards-for-fair-credit.com/3529/can-i-call-a-store-to-ask-what-kind-of-credit-score-they-prefer/#comments Sun, 18 Jul 2010 19:13:37 +0000 Author

Can I ask them to see what kind of score I need in order to become a card member? I think it is fair i do want their business! Do you think they will disclose this info?


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]]> http://credit-cards-for-fair-credit.com/3529/can-i-call-a-store-to-ask-what-kind-of-credit-score-they-prefer/feed/ 4 do home lenders typically look at your fico score or your history? http://credit-cards-for-fair-credit.com/3515/do-home-lenders-typically-look-at-your-fico-score-or-your-history/ http://credit-cards-for-fair-credit.com/3515/do-home-lenders-typically-look-at-your-fico-score-or-your-history/#comments Sun, 18 Jul 2010 10:31:31 +0000 Author

im looking to purchase a home in the near future but am currently working on my credit right now, my score is 567 and although its slowly rising from an open revolving account that is in absolute perfect standing, i have a potentially bad history. so while i work on my score i have the "potentially negative" debt that still stands. so again fico or history? if its a combination, will they most likely approve me if my score is high even if that other stuff is there?


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]]> http://credit-cards-for-fair-credit.com/3515/do-home-lenders-typically-look-at-your-fico-score-or-your-history/feed/ 3 How can I program a site to,very generally say, "I buy houses" and/or solve some residential mortgage problem http://credit-cards-for-fair-credit.com/2191/how-can-i-program-a-site-tovery-generally-say-i-buy-houses-andor-solve-some-residential-mortgage-problem/ http://credit-cards-for-fair-credit.com/2191/how-can-i-program-a-site-tovery-generally-say-i-buy-houses-andor-solve-some-residential-mortgage-problem/#comments Wed, 23 Jun 2010 00:01:01 +0000 Author

NEW VENTURE! Can I implement a program to generally say, "I buy houses in my area and solve most residential mortgage problems"? Add a web site? SEO? WHAT
leondsmith@comcast.net


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