Menu    HOME SEARCH    SELLER RESOURCES    BUYER RESOURCES    FINANCING  MORTGAGE TYPES   GET APPROVED!   LOAN CALCULATORS   INTEREST RATES   COMMON LOAN ERRORS   GLOSSARY OF TERMS   CONTACT US     ABOUT US    MOVING    COMMUNITY Rates & Indicators Rate Chg 30 Year Fixed 6.750% 15 Year Fixed 6.625% 10 yr fxd arm 6.500% 7 yr fxd arm 6.375% 5 yr fxd arm 6.250% 5yr fxd opt arm* 3.875% 5yr fxd I/O arm* .375% *5yr opt arm apr 6.875% as of 3/10/2010  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 | home search | seller resources | buyer resources | financing | about us | moving | community | This website is operated by Coldwell Banker Nautilus Real Estate. Department of Real Estate #01408459. Design & Contents Copyright © 2010 -  Partners -  All rights reserved -  Friends -  Privacy Statement 7061 Clairemont Mesa, Suite 218  - San Diego  - CA  - 92111  - (858) 715-9000 Real Estate Web Design by Web611.com  Equal Housing Opportunity.

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