Jim Dambeck Direct: 832.687.2520 7825 Highway 6 North, Suite 112, Houston

About Me  Properties  For Buyers  For Sellers  Moving  Financing  Choosing a Lender  Common Loan Errors  Mortgages  Calculate Payment  Credit Score   Credit Repair  Glossary of Terms  My Lending Partners  My Newsletter  Community  Monthly Sales Trends  Nourish the Children Rates & Indicators Rate Chg 30 Yr Fixed 4.75% 15 Yr Fixed 5.00% FHA 4.75% as of 7/30/2010   Credit Grade Calculator Mortgage (and other loan) qualification is increasingly being done by means of "credit scoring". This is a mathematical analysis which considers many different aspects of your credit history -- late payments, delinquencies, tax liens, etc... and expresses it as a single "grade". This calculator will "grade" your credit using the number of late payments you have on various credit accounts. This isn't a true "credit score", but will give you a pretty good idea of your credit worthiness.    Your Credit Grade* Mortgage Payments (# of late payments past 12 months) 30 Days Late None 1 2 - 3 4 + 60 Days Late None 1 2 - 3 4 + 90 Days Late None 1 2 - 3 4 + 90+ Days Late None 1 2 - 3 4 + Revolving Credit (# of late payments past 12 months) 30 Days Late None 1 - 2 3 - 5 6 + 60 Days Late None 1 - 2 3 - 5 6 + 90 Days Late None 1 - 2 3 - 5 6 + 90 + Days Late None 1 - 2 3 - 5 6 +   Misc Items (# of years since last action) None Current 1 Year 2 Years 3 Years 5 Years 7 Years Real Estate Foreclosure None Current 1 Year 2 Years 3 Years 5 Years 7 Years Personal Bankruptcy None Current 1 Year 2 Years 3 Years 5 Years 7 Years Creditor Judgements against you None Current 1 Year 2 Years 3 Years 5 Years 7 Years Collections or Wage Garnishments None Current 1 Year 2 Years 3 Years 5 Years 7 Years Creditor Chargeoffs None Current 1 Year 2 Years 3 Years 5 Years 7 Years Tax Liens   * This is an approximate rating. Different lenders may grade you somewhat higher or lower, depending on their internal underwriting requirements. Also, the elements which influence your credit rating are often subject to interpretation. There may be mitigating factors, such as a layoff for example, which are not likely to reoccur.   | home | about me | properties | for buyers | for sellers | moving | financing | community | monthly sales trends | nourish the children | Design & Contents Copyright © 2010 -  Partners -  All rights reserved -  Friends -  Privacy Statement 7825 Highway 6 North, Suite 112  - Houston  - TX  - 77095  - 832.687.2520 Service Beyond Expectation - Real Estate Web Design by Web611.com  Equal Housing Opportunity.