Check out the MyFICO (dot) com website and search for "What's in your FICO score" for an explanation of how credit scores are determined.I haven't had a credit card since college 8 years ago...I think mortgage lenders want to see a minimum of 4 lines of credit, so you need to start establishing credit.

Can anyone point me to a Web resource or book that provides a step-by-step explanation of how to evaluate and compare real-estate markets?

MikeHave you done any diligence on your geographic scope prior to this?

A short explanation on each would be appreciated.

Thanks for that great explanation Patrick.

:mrgreen: After I demanded an explanation, I received it.

I have looked at Joshua’s explanation but I still don’t get it.

Under the Equal Credit Opportunity Act, every applicant can require a written explanation for why they were offered less favorable terms or denied.

Dion, correct me if I am wrong but in your elaborate and detailed explanation, you are referring to yield to maturity, also know as internal rate of return whereas the yield is calculated based on the life of the loan, correct?

Please note, this example is simplified for explanation purposes, discounted purchases and cost reductions per accounting rules will apply in some cases.