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Where can someone find a place for a mortgage if they have a bad credit score?
Wiki User
∙ 10y ago
The best place for someone to get a mortgage with bad credit is from a government program. These programs include Home Affordable Refinance Program and Home Affordable Modification Program.
Wiki User
∙ 10y ago
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What effect does a credit score have on a mortgage?
The credit score can effect mortgage rates in a lot of differnt ways. If someone has a high credit score he get a lower mortgage rate and if someone has a low credit score he gets a higher mortgage rate.
What is the difference between a mortgage score and a credit score?
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.
How do you find out about your mortgage credit score?
Someone interested in finding out about their mortgage and how their credit score is affecting it should make a meeting with their bank. One could meet with a financial advisor who could answer all financial questions.
Can you get approved for a mortgage with a 651 credit score?
Sure, although you may have to come up with a larger down payment than someone with a credit score of 700.
Can you get a mortgage with a credit score of 500?
Forget the credit score, before you take out a mortgage you first need to think about if you can make the payments.
What effect does a credit score have on a mortgage?
The credit score can effect mortgage rates in a lot of differnt ways. If someone has a high credit score he get a lower mortgage rate and if someone has a low credit score he gets a higher mortgage rate.
What is the difference between a mortgage score and a credit score?
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.
Can you get approved for a mortgage with a 651 credit score?
Sure, although you may have to come up with a larger down payment than someone with a credit score of 700.
How do you find out about your mortgage credit score?
Someone interested in finding out about their mortgage and how their credit score is affecting it should make a meeting with their bank. One could meet with a financial advisor who could answer all financial questions.
Can you get a mortgage with a credit score of 500?
Forget the credit score, before you take out a mortgage you first need to think about if you can make the payments.
Where can I find a mortgage company that will approve a mortgage when I have a 553 credit score?
There is probably no credit union or bank that will approve you when your score is that low. What on earth did you do to have such a horrible credit score? You should be ashamed of yourself.
How can I get a mortgage with bad credit?
It is very difficult to get a mortgage with bad credit. You will probably first have to raise your credit score.
What is the average expected credit score to receive a mortgage loan?
There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.
How does a persons credit score affect mortgage credit rates?
Actually the better the credit score the better are the offers for a mortgage credit loan. In general the interests offered for a new loan depend (besides others) directly on the credit score.
Can you get approved with a credit score of 502 with a mortgage?
no.
Can you get a mortgage with a 581 credit score?
NOPE
A credit score is?
Credit score is ranges from 300 to 850. Credit is a evaluation of your credit card bills, mortgage and other loans.
