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  • Actual for You - Credit Help for Real Estate Financing: Credit Scores

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    ses scores on EMPIRICA models.

    Your Baseline

    You have three credit scores, often called FICO scores, one from each credit bureau. The lende

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    When you buy real estate, lenders run all of the "big three" credit bureau reports. Each credit reporting agency lists your credit history as supplied to them by the individual lenders and includes governmental records. Each report assigns a credit score number to you. The credit scores reflect your theoretical risk of default to the lending institutions.

    Software developed by Fair Isaac and Company generates your "FICO score." Experian uses a system called Fair Isaac Risk Model, a computer program which rates you with a score according to Experian’s information. Equifax bases scores on BEACON programs and TransUnion bases scores on EMPIRICA models.

    Your Baseline

    You have three credit scores, often called FICO scores, one from each credit bureau. The lender

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    by the individual lenders and includes governmental records. Each report assigns a credit score number to you. The credit scores reflect your theoretical risk of default to the lending institutions.

    Software developed by Fair Isaac and Company generates your "FICO score." Experian uses a system called Fair Isaac Risk Model, a computer program which rates you with a score according to Experian’s information. Equifax bases scores on BEACON programs and TransUnion bases scores on EMPIRICA models.

    Your Baseline

    You have three credit scores, often called FICO scores, one from each credit bureau. The lende

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    k of default to the lending institutions.

    Software developed by Fair Isaac and Company generates your "FICO score." Experian uses a system called Fair Isaac Risk Model, a computer program which rates you with a score according to Experian’s information. Equifax bases scores on BEACON programs and TransUnion bases scores on EMPIRICA models.

    Your Baseline

    You have three credit scores, often called FICO scores, one from each credit bureau. The lende

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    aac Risk Model, a computer program which rates you with a score according to Experian’s information. Equifax bases scores on BEACON programs and TransUnion bases scores on EMPIRICA models.

    Your Baseline

    You have three credit scores, often called FICO scores, one from each credit bureau. The lende

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    ses scores on EMPIRICA models.

    Your Baseline

    You have three credit scores, often called FICO scores, one from each credit bureau. The lender takes the middle score as your baseline. Lenders have different standards, but generally a "C" score is around 500 to 600, a "B" is around 600 to 680, and an "A-" is above 680. Over 700 is the magical number that gets you the attention you desire. If your score is under 500, find someone to privately finance for you or a partner with good credit while you work on improving your score.

    How Lenders Rate You

    Credit score Available mortgage financing
    720 - 800 Superb! You get what you want
    700 - 719 Wonderful! You get top rates & terms
    680 - 699 Good! You get good rates & terms
    660 - 679

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