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What Are Credit Score Requirements For Mortgages?
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By Ben Afzal

Credit Score Basics

Your credit report typically lists three different credit scores.

Each of these three credit scores comes from one of the three credit bureaus.

These scores are based on how you have managed your credit lines in the past. These credit lines can include mortgage lenders, credit cards, department store cards, car loans, student loans, and other debts.

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Your credit is usually classified as open credit, closed credit, and derogatory credit. The derogatory credit usually contains all the credit lines you were late on or have collections on.

The credit score people usually refer to is the middle of your three credit scores. This is known as a

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This entry was posted on Thursday, October 19th, 2006 at 4:20 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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