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Phenix City Real Est    Properties    For Buyers    For Sellers    Moving    Finance  Choosing a Lender   Common Loan Errors   Calculate Payment   Credit Score   Glossary of Terms   Affordable Housing   Bad Credit   What Credit Is   Buying 1st Home     Communities    Local Businesses    Fort Benning, GA    Area Schools    Great Sites to Visit    Real Estate Q & A's    Huntington Hills    Area Sports     Directory    Home & Garden Tips    RE Investing 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 | phenix city real est | properties | for buyers | for sellers | moving | finance | communities | local businesses | fort benning, ga | area schools | great sites to visit | real estate q & a's | huntington hills | area sports | directory | home & garden tips | re investing | Design & Contents Copyright © 2008 -  Partners -  All rights reserved -  Friends -  Privacy Statement 3800 Lakewood Drive  - Phenix City  - AL  - 36867  - (706)527-4578 Real Estate Web Design by Web611.com  Equal Housing Opportunity.