Orange County Homes
Search the entire Orange County MLS for your your next home.
Your credit score is a big part of the mortgage qualification process. "Credit scoring" 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". I've included a calculator that will help you determine your credit worthiness.
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.
Mortgage Payments (# of late payments past 12 months)
Revolving Credit (# of late payments past 12 months)
Misc Items (# of years since last action)
Personal Bankruptcy
Creditor Judgements against you
Collections or Wage Garnishments
Creditor Chargeoffs
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.
