home contact Sue Cobb " Focusing on Results "  Menu Credit Score

About Us    Properties    For Buyers    For Sellers    Moving    Financing  Choosing a Lender   Common Loan Errors   Mortgages   Calculate Payment   Credit Score   Glossary of Terms   Mello Roos     Community Rates & Indicators Rate Chg 30 Yr Tres 0.00% Fed Prime 0.00% 30 Yr Fixed 0.00% 15 Yr Fixed 0.00% 1 Year ARM 0.00% as of 7/29/2010 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 None 1 2 - 3 4 + 60 Days Late None 1 2 - 3 4 + 90 Days Late None 1 2 - 3 4 + 90+ Days Late None 1 2 - 3 4 + Revolving Credit (# of late payments past 12 months) 30 Days Late None 1 - 2 3 - 5 6 + 60 Days Late None 1 - 2 3 - 5 6 + 90 Days Late None 1 - 2 3 - 5 6 + 90 + Days Late None 1 - 2 3 - 5 6 +   Misc Items (# of years since last action) None Current 1 Year 2 Years 3 Years 5 Years 7 Years Real Estate Foreclosure None Current 1 Year 2 Years 3 Years 5 Years 7 Years Personal Bankruptcy None Current 1 Year 2 Years 3 Years 5 Years 7 Years Creditor Judgements against you None Current 1 Year 2 Years 3 Years 5 Years 7 Years Collections or Wage Garnishments None Current 1 Year 2 Years 3 Years 5 Years 7 Years Creditor Chargeoffs None Current 1 Year 2 Years 3 Years 5 Years 7 Years 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.   | home | about us | properties | for buyers | for sellers | moving | financing | community | An Independent Member Broker All information deemed reliable but not guaranteed. Design & Contents Copyright © 2010 -  Partners -  All rights reserved -  Friends -  Privacy Statement 28631 S. Western Ave. #104  - Rancho Palos Verdes  - CA  - 90275  - 310-809-3659 " Focusing on Results " - Real Estate Web Design by Web611.com  Equal Housing Opportunity.