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Raise Credit Score by Paying Delinquencies?
December 21, 1998, Revised November 19, 2004 Many borrowers reason that since delinquencies reduced their credit score, paying off the delinquencies should raise it. When this doesn't happen, they wonder why. "My mortgage broker said that my credit score was ... more... Qualifying For a Mortgage December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more... |
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lower mortgage rate credit score interest related definitions |
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Credit Score
Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more... Adjustable Rate Mortgage, ARM Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... |
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More about lower mortgage rate credit score interest
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