If you are in the process of Buying a home, or if you are thinking about buying, you might want to recheck your credit scores. There will be a new modeling system for FICA scores, it could help a lot of people improve their scores, and a better score could mean a better rate. Ask your lender if it is worth rechecking, BUT be careful, too many credit inquiries can lower your score.
Check out the following link for more details:
New Credit Scoring Model May Boost Some Borrowers’ Scores
By Amy Hoak
Read more: http://rismedia.com/2009-08-31/new-credit-scoring-model-may-boost-some-borrowers-scores/#ixzz0QYZsL7ma
Tuesday, September 8, 2009
Subscribe to:
Posts (Atom)
