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Before applying for a new home loan, home equity loan or refinancing your current mortgage, it is recommended to have an idea of where your credit stands. In general, a borrower's credit rating usually falls into one of the following categories:
Every lender evaluates borrowers uniquely, so it is difficult to predict for certain whether or not an individual will be approved for a specific loan. However, it can be extremely helpful to have a general idea of where your credit stands before applying for a new loan. Below you will find online companies that offer credit report, credit score and credit monitoring services to consumers. FICO Credit Score
Free Credit Score
Note: Some free credit score services come with a free trial of a credit monitoring service. In most cases, you must cancel your free trial membership within a specified amount of time in order to avoid being automatically enrolled in the service for a set monthly fee (after the trial period ends). Free Credit Reports Also, you can now — thanks to the Fair Credit Reporting Act — request a free copy of your credit report once each calendar year. Please note that this free credit report does not include a free credit score. See Can I get a free credit report? for more information. More Information For more information about various topics relating to credit reports, credit scores, and credit monitoring, visit our Credit Reports FAQ area. See also: · Loan Tips & Advice · Articles Related to Credit Scoring « Back to the loans main page
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