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19 December 2024 | 5 replies
Take a look at this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% This is how likely a borrower is likely to default on credit extended to them.
20 December 2024 | 4 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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17 December 2024 | 86 replies
I also have a credit score of 756.
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17 December 2024 | 3 replies
They are farily easy and do nto require much to get started and the Max LTV is going to be 75% but I have seen some exceptions to 80%.Rates are subject to a few thing like loan amount, property type, number of units, credit score and downpayment.DSCR allows you to purchase with No employment and No tax returns so its a little easier.
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23 December 2024 | 24 replies
Some lenders do have minimum credit scores to access these loan types, but it is the exact same qualifications for income and assets as non renovation loans.
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27 December 2024 | 22 replies
So well within the 30 day trial period.However, they continue to bill my credit card for the service in spite of the confirmed cancellation.Has anyone else had any issues like this with them?
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14 February 2025 | 161 replies
- property values soften (keep it realistic, US real estate has never lost value over any given 10 year period in history and you can't plan for a nuclear war..)To counter-balance these negative scenarios you have: cash reserves, credit lines, W2 income, maybe business income.
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19 December 2024 | 82 replies
•Continue building your Paydex Score (80+) and Experian Intelliscore.4.Leverage Credit to Access Funding:•Once you’ve established some business credit history, work with a business funding specialist to secure $50K–$250K in lines of credit.
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21 December 2024 | 6 replies
Some of these renters are capitalizing on low interest rates and choosing to buy, but many are unable to buy due to lack of down payment or credit factors.
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15 December 2024 | 15 replies
We are able to demonstrate seemingly everything that the credit card company is asking for - the reservation details, the fact that the guest accepted our terms and conditions, and timestamps for all, including IP address.However, the credit card companies are taking it one step further now.