The credit you established over the
past years is an important factor in obtaining a mortgage loan and other
future large purchases. We have enclosed information pertaining to credit
reporting and credit scoring used to obtain conventional financing. Everyone doesn’t have prime credit so lenders have used various methods
of determining your credit worthiness and loan programs to fit your
situation.
If
your credit is less than prime (A, A- paper), you can still get a loan.
There are B/C paper-lending programs that are provided to individuals with
FICO scores less than 620. See our section on
"FICO"
effects loan costs.
Actually most people do have good
credit, but we strongly recommend that you check your credit. Though no
fault of your own, we are in the computer generation and things do happen;
you can check your credit though our secured link at
credit
history.
