G r e a t e r   B a y   A r e a   R E O Thursday - March 11th 2010  The Orion Group International REO Division

Greater Bay Area REO The Orion Group International REO Division 510-878-2844

Lender/Asset Mgrs REO/Foreclosures REO Buyers For Sellers Moving Financing Choosing a Lender Common Loan Errors Mortgages Calculate Payment Credit Score Glossary of Terms Mello Roos Community Preferred Lender   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 | lender/asset mgrs | reo/foreclosures | reo buyers | for sellers | moving | financing | community | preferred lender | The Orion Group International REO Division is Licensed by the California Department of real Estate Lic #1777108 The Orion Group International REO Division Is a Division of The Orion Group International, a California Corporation Design & Contents Copyright © 2010 -  Partners -  All rights reserved -  Friends -  Privacy Statement 360 Grand Avenue Ste 392  - Oakland  - Ca  - 94610  - 510-878-2844 Real Estate Web Design by Web611.com  Equal Housing Opportunity.