Give Yourself Some Credit
How about some bookmark love? ::
With the recent media buzz about the sub-prime lending industry woes, it is key to have an understanding of how this effects you.
The direct effect on you will be based on your personal FICO score. If your score is above 720 or so, you should remain unaffected and in the so called A-Paper lending category. A-Paper simply means that you can qualify for the best lending rates and products.
The next category is the so called Alt-A. This is the category of lending products, rates and services for people whose credit score falls below the A-Paper threshold.
The final category is called sub-prime. This is where you here so much controversy in the media. If you don't take care of your credit score, chances are you end up in this category.
There are ways to improve your credit, but it takes work on your part.
The lenders in my office also "coach" people on how to get their credit score improved over a very short period of time. You can visit their website at www.OCLoanTeam.com
If you are ever interested in buying Real Estate for the first time, or owning more Real Estate, stay on top of your credit, by learning what damages your credit, and how to improve it yourself.
The direct effect on you will be based on your personal FICO score. If your score is above 720 or so, you should remain unaffected and in the so called A-Paper lending category. A-Paper simply means that you can qualify for the best lending rates and products.
The next category is the so called Alt-A. This is the category of lending products, rates and services for people whose credit score falls below the A-Paper threshold.
The final category is called sub-prime. This is where you here so much controversy in the media. If you don't take care of your credit score, chances are you end up in this category.
There are ways to improve your credit, but it takes work on your part.
The lenders in my office also "coach" people on how to get their credit score improved over a very short period of time. You can visit their website at www.OCLoanTeam.com
If you are ever interested in buying Real Estate for the first time, or owning more Real Estate, stay on top of your credit, by learning what damages your credit, and how to improve it yourself.
Labels: FICO
