Santa Clarita Real Estate :: Valencia MLS :: Homes for Sale in Stevenson Ranch, Valencia MLS

Friday - July 25^th 2008

\| Financing Home \| Mortgages \| Payment Calculator \| Credit Score \| Mello Roos \| Glossary of Terms \|

Michelle Blanchard
Realty Executives

24106 Lyons Ave
Santa Clarita, CA 91321

Direct: 661-904-5703
Voice Mail: 661-286-8610 x3319
Fax: 661-259-6490

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Mortgage (and other loan) qualification is increasingly being done by means of "credit scoring". This is a mathematical analysis which considers many different aspects of your credit history -- late payments, delinquencies, tax liens, etc... and expresses it as a single "grade". This calculator will "grade" your credit using the number of late payments you have on various credit accounts. This isn't a true "credit score", but will give you a pretty good idea of your credit worthiness.

Your Credit Grade*

Mortgage Payments (# of late payments past 12 months)

30 Days Late

60 Days Late

90 Days Late

90+ Days Late

Revolving Credit (# of late payments past 12 months)

30 Days Late

60 Days Late

90 Days Late

90 + Days Late

Misc Items (# of years since last action)
	Real Estate Foreclosure
	Personal Bankruptcy
	Creditor Judgements against you
	Collections or Wage Garnishments
	Creditor Chargeoffs
	Tax Liens

* This is an approximate rating. Different lenders may grade you somewhat higher or lower, depending on their internal underwriting requirements. Also, the elements which influence your credit rating are often subject to interpretation. There may be mitigating factors, such as a layoff for example, which are not likely to reoccur.

Equal Housing Opportunity.