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.
Was this article helpful?
If You Are Interested In Raising Your Credits, You Won't Want To Miss This Page! Worried About Your Bad Credit? Fret Not! Discover Insider Secrets To Quickly Get Out Of Debt, Erase Your Bad Credit Record And Legally Raise Your Credit Score! Finally! An Info-Packed Guide To Help You Understand The Nuts-And-Bolts Of Credit Repairs And To Assist You In Increasing Your Credits In No Time! Learn Some Little-Known, But Highly Effective Tips And Tricks That Will Shoot Your Credit Score Up!