Premier Mortgage Loan Application

Credit

  • CREDIT INQUIRIES (763 downloads)
    The Fair Credit Reporting Act (FCRA) outlines specifically who can see your credit profile. Businesses must have a “legitimate business need,” and a “permissible purpose,” as stated in the federal law to obtain your credit file. Otherwise
  • CREDIT PROFILE (740 downloads)
    Your credit profile details your credit history as it has been reported to the credit reporting agencies by lenders who have extended credit to you. Your credit profile lists what types of credit you use, the length of time your accounts have
  • CREDIT REPORTING AGENCIES (689 downloads)
    Credit Reporting Agencies collect information about you and your credit history from public records, your creditors and other reliable sources. These agencies make your credit history available to your current and prospective creditors and
  • CREDIT SCORING AND HOW IT WORKS (832 downloads)
    Credit scoring is a statistical method that lenders use to quickly and objectively assess the credit risk of a loan applicant. The score is a number that rates the likelihood you will pay back a loan. Scores range from 350 (high risk) to 950 (low risk).
  • CREDIT SCORING? WHAT YOUR SCORE MEANS (763 downloads)
    Credit scoring places you in one of three general categories.
  • FIXING CREDIT REPORT ERRORS (711 downloads)
    You have the right, under the Fair Credit Reporting Act, to dispute the completeness and accuracy of information in your credit file. When a credit reporting agency receives a dispute, it must reinvestigate and record the current status of
  • HOW TO IMPROVE YOUR CREDIT (1497 downloads)
    If you have had credit problems, be prepared to discuss them honestly with a mortgage professional. Responsible mortgage professionals know there can be legitimate reasons for credit problems, such as unemployment, illness or other
  • STEPS TO TAKE AFTER BEING DENIED A MORTGAGE LOAN (877 downloads)
    It’s never fun to be turned down for a loan, but before you think you won’t be able to get credit anywhere, there are some steps you can take.