Tag Archives: mortgage credit score

Affect Of Foreclosure on FICO Score

How A Foreclosure Can Affect Your FICO Credit Score A foreclosure is when a short sale occurs on the home of a person where the amount you want a mortgage loan is recovered by the lender by selling the borrower’s property. A foreclosure can also result in a short sale where the lender agrees to […]

A-Credit and A-Minus Category Of Borrower

A–Credit is defined as a borrower with a top credit rating and one who deserves the lowest prices and interest rate that a mortgage lender has to offer. This borrower is also defined as a prime borrower. While most lenders require a fico score about 720,  this is a criterion that also keeps changing. Some […]