Saturday, May 21, 2005

Only 1 or 2 FICO scores.

It's been reported on several pages of the Mortgage Match website that mortgage lenders... as an industry standard... use a borrower's midscore FICO for qualifying purposes. That is, the middle number of the three FICO scores that most borrower's have is the score which determines whether a borrower qualifies for a mortgage program, and if so, at what rate and terms.

But, what if a borrower has not yet built enough of a credit history to show three FICO scores when credit is pulled? It's an unusual situation, and not the norm. But, Mortgage Match may still be able to assist a borrower in obtaining a mortgage when there's less than three credit scores available.

If you're a borrower in this situation, and one that's possibly already been turned down for a mortgage, you owe it to yourself to try Mortgage Match. Another credit pull may not even be necessary. A brief chat with a Senior Loan Consultant may be the first step in getting approved. You can talk to one by calling 24/7: 1.888.890.5625. Or, you can schedule a free, no obligation phone consultation by clicking here.

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