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 […]
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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 […]