Free Credit Report to Repair your Credit ?

In today's increasingly automated society, it should come as no surprise that when you apply for a mortgage, your ability to pay can be reduced to a single number. All the years you've been paying your mortgage, car payments, and credit card bills can be analyzed, sliced, diced, spindled and mutilated into a single indicator of whether you're likely to meet your future obligations.

All three of the major credit reporting agencies (Equifax, Experian and TransUnion) use a slightly different system to arrive at a score. The best known is called the FICO score, based on a model developed by Fair Isaac and Company (hence the name) and used by Experian. Equifax's model is called BEACON, while TransUnion uses EMPIRICA. While each of the models considers a range of data available in your credit report, the primary factors are:

Each of these, and other items, are assigned a value and a weight. The results are added up and distilled into a single number. FICO scores range from 300 to 800, with higher being better. Typical home buyers likely find their scores falling between 600 and 800.

What can you do about your FICO score? As some of you now know these Fannie Mae guidelines changed last week. For your Fannie Mae clients that are not fortunate enough to be over 640 midscore….they will be paying 1.75. On a $350,000 loan…that’s $6,125 dollars. We all have a fiduciary responsibility to try and save these clients money. We At A Mortgage source have partner with United Credit Source to help you. We have a money back midscore guarantee. For any client starting out under 580, we guarantee a 620; and for those above 620, we guarantee a 680. We have a monthly payment plan of $83 Dollars to get started with $56 Dollar monthly installments. This is a no brainer but critical to raice your credit score for the Fannie Mae loan.

Have you ever been frustrated trying to fight your creditors and the credit bureaus to remove erroneous information from the credit?  The most important thing is to get a Free Credit Report to know if your credit history is correct.  www.annualcreditreport.com  After you get the credit report, Contact Jay Harrington toll free 1-888-616-8688  in Plano, Texas. Direct line is (954)839-6779 Tell him is from amortgagge source in Orlando.  There web site is www.unitedcreditsource.com  can help you get a better actions might have the greatest impact on your FICO score. 

With this information, you will be a more educated consumer and better positioned to obtain better score for a favorable mortgage available to you.