Comments on: Get Mortgage Smart! What you must KNOW… http://www.bayareawj.com/get-mortgage-smart/ Grow Your Life-Grow Your Business! Connecting women to amazing resources and locally owned business in the East Bay, North Bay, South Bay, Peninsula and San Francisco! Tue, 24 Jan 2012 16:33:09 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Mortgage Interest Rates and Closing Deadlines! | San Francisco Womens Journal http://www.bayareawj.com/get-mortgage-smart/comment-page-1/#comment-214 Mortgage Interest Rates and Closing Deadlines! | San Francisco Womens Journal Thu, 04 Feb 2010 12:04:00 +0000 http://www.bayareawj.com/?p=1399#comment-214 [...] send lists of items needed to get a loan closed.  These days, lists are 2-3 times as long as in the [...] [...] send lists of items needed to get a loan closed.  These days, lists are 2-3 times as long as in the [...]

]]> By: Allison Gervais Sofnas http://www.bayareawj.com/get-mortgage-smart/comment-page-1/#comment-82 Allison Gervais Sofnas Wed, 11 Nov 2009 20:41:12 +0000 http://www.bayareawj.com/?p=1399#comment-82 Debbie, Great question! There are 3 bureaus that report credit scores, TransUnion, Equifax and Experian. There are slight differences in scores between the 3 agencies because some accounts and information may report on one bureau and not another. Lenders pull all 3 scores and use the middle number, NOT the average. If you are curious about your credit score or need to repair credit, it's important to obtain all 3 reports. You are entitled to a free credit report from each bureau every 12 months, if you are unemployed and plan to seek employment within the next 60 days or if you have had an adverse action on your report. Go to the credit bureaus' websites for more information. If you are in a rush to obtain your report or have already taken advantage of a free report, there are several online services that will provide one for you instantly for a nominal fee. Just be sure you order all 3 bureaus and the report includes your credit score. Allison Gervais Sofnas First Capital Group, Inc. Mortgage Financing asofnas@yahoo.com Debbie,

Great question! There are 3 bureaus that report credit scores, TransUnion, Equifax and Experian. There are slight differences in scores between the 3 agencies because some accounts and information may report on one bureau and not another.

Lenders pull all 3 scores and use the middle number, NOT the average. If you are curious about your credit score or need to repair credit, it’s important to obtain all 3 reports. You are entitled to a free credit report from each bureau every 12 months, if you are unemployed and plan to seek employment within the next 60 days or if you have had an adverse action on your report. Go to the credit bureaus’ websites for more information.

If you are in a rush to obtain your report or have already taken advantage of a free report, there are several online services that will provide one for you instantly for a nominal fee. Just be sure you order all 3 bureaus and the report includes your credit score.

Allison Gervais Sofnas
First Capital Group, Inc.
Mortgage Financing
asofnas@yahoo.com

]]> By: Debbie http://www.bayareawj.com/get-mortgage-smart/comment-page-1/#comment-81 Debbie Wed, 11 Nov 2009 15:50:07 +0000 http://www.bayareawj.com/?p=1399#comment-81 Hi Allison, Thanks for sharing the latest info on getting a mortgage. It's really helpful. But I am confused on what credit score I should be paying attention to. It seems that there are a couple of different kinds or ways that credit scores are calculated. Which one do the banks and mortgage companies use? Thanks, Debbie Hi Allison,

Thanks for sharing the latest info on getting a mortgage. It’s really helpful.

But I am confused on what credit score I should be paying attention to. It seems that there are a couple of different kinds or ways that credit scores are calculated. Which one do the banks and mortgage companies use?

Thanks,

Debbie

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