If I understand the question correctly, the answer is that they may be using different versions of the FICO software. The FICO score you get from myfico.com and the FICO score that a mortgage lender comes up with may be different, because Fair Isaac periodically updates the way they come up with the scores. Upgrading to the new FICO software can be expensive for lenders, so sometimes they don't do it. So they come up with a different score because they are using an older model. Since presumably the model is updated to make it more predictive, it means the lender's score is more likely to be wrong. As far as I know, however, the lender will continue to use its own score, and there is nothing you can do about this.
There are a few differences between refinancing and a home equity line of credit. One difference is that the interest rate on a refinanced mortgage is generally lower than the interest on a home equity line of credit.
a consumer credit report was more likely connecting to individuals as consumers,on the other hand,a residential mortgage credit report was simply focusing to the households considered as the consumer it self.
a reverse equity mortgage usually refers to a reverse mortgage, also referred to as a HECM loan. (Home Equity Conversion Loan). The key difference between a regular mortgage and a reverse mortgage is that no monthly mortgage payments are due on a reverse mortgage. A reverse mortgage also does not have credit or income requirements because there are no payments due. Qualification is based on age- minimum age 62- the value of the home and its location.
A mortgage score is a specific type of credit score that is specifically designed for mortgage lending purposes. It focuses on factors that are particularly relevant to mortgage loans, such as payment history, debt-to-income ratio, and the presence of any past mortgage-related delinquencies. While a credit score is a general assessment of creditworthiness, a mortgage score provides a more targeted evaluation specifically for mortgage lending decisions.
The major difference between a Platinum credit card and a standard credit card is that with a standard credit card credit limits are lower than what they would be with a Platinum credit card. Interest rates will differ as well.
A heloc calculator helps you determine the costs of a possible home equity line of credit. A regular mortgage calculator helps you determine how much a mortgage on a home will cost.
There are a few differences between refinancing and a home equity line of credit. One difference is that the interest rate on a refinanced mortgage is generally lower than the interest on a home equity line of credit.
a consumer credit report was more likely connecting to individuals as consumers,on the other hand,a residential mortgage credit report was simply focusing to the households considered as the consumer it self.
A mortgage score is a specific type of credit score that is specifically designed for mortgage lending purposes. It focuses on factors that are particularly relevant to mortgage loans, such as payment history, debt-to-income ratio, and the presence of any past mortgage-related delinquencies. While a credit score is a general assessment of creditworthiness, a mortgage score provides a more targeted evaluation specifically for mortgage lending decisions.
a reverse equity mortgage usually refers to a reverse mortgage, also referred to as a HECM loan. (Home Equity Conversion Loan). The key difference between a regular mortgage and a reverse mortgage is that no monthly mortgage payments are due on a reverse mortgage. A reverse mortgage also does not have credit or income requirements because there are no payments due. Qualification is based on age- minimum age 62- the value of the home and its location.
The major difference between a Platinum credit card and a standard credit card is that with a standard credit card credit limits are lower than what they would be with a Platinum credit card. Interest rates will differ as well.
What is the difference between micro credt and rural credit?
the difference between installment credit and open ended credit is they are the same..
If you have good credit, there's not going to be much difference between a typical mortgage interest rate. If you have bad credit, you can still get rates comparable to what a non-VA good credit borrower would get.
Jumbo mortgage rates are usually given to people that have bad credit and therefore have a higher interest rate on their mortgages. They end up paying more in terms of a monthly payment too.
What is the difference between bank loan and bank credit?
explain the difference between cash and credit transaction