Mortgage loan credit score chart

    • [DOCX File]2017 MORTGAGE CREDIT CERTIFICATE PROGRAM GUIDE

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      The most that a Mortgagor will ever be required to pay when a Mortgagor sells his or her home within the first nine (9) years of purchasing it is 6.25% of the highest principal amount of the mortgage loan that was federally subsidized during the life of the loan or fifty percent (50%) of the gain on the sale of the home. 6.25% of the principal amount of the mortgage loan is the amount ...

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    • [DOC File]Compliance Program Train-the-Trainer

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      Mortgage loan applications are a very lengthy process which requires more personal interaction with the lender, so conversations many details about an applicant’s credit profile. Applicants were learning that their applications were being denied because of the three-digit FICO number. Fair Isaac demanded that the formula be kept secret so that consumer could not try to “work the system ...

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    • [DOCX File]reallivingimages.fnistools.com

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      Some lenders establish a base price and will reduce the points on a loan if the credit score is above a certain level. For example, one major national lender reduces the cost of a loan by a quarter point if the FICO® score is greater than 725. If it is between 700 and 724, they will reduce the cost by one-eighth of a point. A point is equal to one percent of the loan amount.

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    • [DOC File]What is a FICO Score (Credit Score)

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      The score will consider your mix of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans. 30% of your score is based on amounts owed on all accounts. Even if you pay off your credit cards in full every month, your credit report may show a balance on those cards.

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    • [DOC File]Credit Plus Logo - Keystone Realty USA

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      The score you get if you “buy” a credit report from a website is based on a generic scoring model. It will not be the same score you get when you actually apply for a mortgage, car loan, credit card, etc. This chart shows some of the main factors that affect your score, and approximately how heavily they are weighted. 35% Based on Payment ...

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