One Borrower Multiple Credit Scores

Earlier, Mortgage Secrets discussed the fact that any given borrower will receive a credit score from each credit repository. Should the credit data in these files materially differ, the corresponding credit scores will differ. This fact brings up the question: Which score will the lender choose to use if one or two of your scores fall below program minimums? To a certain extent, it will depend on the persuasive story you tell. In most instances the lender selects the lowest middle score of all applicants. If you and your co-borrower (spouse, relative, partner), respectively, show these scores, 580, 610, 655 and 720, 730, 760, the lender might very well use 610 as the relevant credit score for underwriting.

Emergency Quick Cash

Emergency Quick Cash

At least once in every person’s life comes a time when the need is great and the resources are few. It can be hard enough to make ends meet on a decent wage, but, when the times get tough and the money just is not there to meet the need, a person can easily despair.

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