Probably the most crucial three-digit figures in the home loan world is 620. Why?

Probably the most crucial three-digit figures in the home loan world is 620. Why? Well, such a thing below a 620 credit rating is considered “subprime” by most banking institutions and mortgage loan lenders, and of course the ever-important Fannie Mae and Freddie Mac. That’s right, the minimal credit rating to have authorized for home …

Probably the most crucial three-digit figures in the home loan world is 620. Why? Lire la suite »