Retire2Fla.com's New Information Page for "The Villages"!!
Our all new section features The Villages located in Lady Lake, FL, just north of Orlando and south of Ocala. Central Florida’s largest active adult community features multiple golf courses and a wide array of activities and services including shopping, restaurants, sports, and medical facilities designed specifically for active adults 55 and older.
New Retirement Resources Center!
Welcome to the new Retire2fla.com's Retirement Resources Center. Here you will find information on Health and Life Insurance, along with information to help you learn to invest your money into such things as Mutual Funds and Annuities. Please take a look at our new Retirement Resources Center and lets us know how we can expand it even more to better serve you.
Mortgages - What Are The Different Types
Many mortgage programs are available today. Choosing the right one for you can make a huge difference in your monthly payment. Learn the difference between fixed rate, ARMs, Interest Only and balloon mortgages. Read More About The Different Types of Mortgages
Tips To Chiropractic Consultation
Chiropractic consultations need not be a cause of worry with the some tips and bits of information. Read More about Tips To Chiropractic Consultation
Simple Golf Swing
Get Your Hands On The "Simple Golf Swing" Training That Has Helped Thousands Of Golfers Improve Their Game
Get access to the Setup Chapter from the Golf Instruction System that has helped thousands of golfers drop strokes off their handicap.
Welcome to Florida... Where “Retirement” brings on a whole new meaning!
When you buy real estate, lenders run all of the "big three" credit bureau reports. Each credit reporting agency lists your credit history as supplied to them by the individual lenders and includes governmental records. Each report assigns a credit score number to you. The credit scores reflect your theoretical risk of default to the lending institutions.
Software developed by Fair Isaac and Company generates your "FICO score." Experian uses a system called Fair Isaac Risk Model, a computer program which rates you with a score according to Experian’s information. Equifax bases scores on BEACON programs and TransUnion bases scores on EMPIRICA models.
You have three credit scores, often called FICO scores, one from each credit bureau. The lender takes the middle score as your baseline. Lenders have different standards, but generally a "C" score is around 500 to 600, a "B" is around 600 to 680, and an "A-" is above 680. Over 700 is the magical number that gets you the attention you desire. If your score is under 500, find someone to privately finance for you or a partner with good credit while you work on improving your score.
Real estate lenders don't just consider your credit score when you apply for mortgage financing. Understanding your credit score helps you with this one part of your mortgage requirements.
Copyright © 2005 Jeanette J. Fisher - All Rights Reserved.
Professor Jeanette Fisher, author of "Credit Help! Get the Credit You Need to Buy Real Estate," "Doghouse to Dollhouse for Dollars," and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, and newsletters, see http://www.recredithelp.com/
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