Does the credit bureau really make up the FICO score or the loan officer and why

Credit and mortgage advice Forums Consumer Credit Improving Your Credit Score Does the credit bureau really make up the FICO score or the loan officer and why

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    • #205055
      Anonymous
      Inactive

      I get a recorder on the phone? And why they put information form tens, then it take tens years to get it off?



    • #277348

      Loan officers do not “make up credit scores.” See here:

    • #430938
      Anonymous
      Inactive

      There is no one “rate.” Shop around with different lenders. The VA only insures the loan – they don’t lend.

    • #430939
      Anonymous
      Inactive

      Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every month therefore it is always a good idea to keep an eye on what the rates are doing. If interest rates should rise, so will your monthly payments and again, if interest rates were to fall, so would the amount you would have to pay.

      Monthly repayments made on your mortgage and the amount that was borrowed, is determined by current mortgage interest rates. Different companies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender.

    • #430940
      Anonymous
      Inactive

      The best place to find the rates is to find a local bank,mortgage broker or Realtor to work with.
      VA does not loan money they only guarantee the upper 25% portion of the loan to the lender who loaned you the money,which makes the VA loan a better bet for the bank, because they know even if you go into foreclosure, VA will step in. You can’t go wrong with a VA loan, rates are never higher than on any other loan and it is just about the only program left that allows you to buy a house without a down payment.

    • #430941
      Anonymous
      Inactive

      The VA Loan Guaranty Program does not provide the mortgage itself, the mortgage loans are made by private lenders such as banks, savings and loan associations, or mortgage companies. To get a loan, you must apply through a lender. Because the VA guarantees the loan, mortgage companies will more times than not offer you an excellent rate with a no money down but it still depends on your credit standing.

    • #430942
      Anonymous
      Inactive

      a 30 year fixed with no points is 5.610. just type v a interest rates
      in your search bar and sites will come up

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