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Monday, May 04, 2009
Interesting the information you find when looking for something else
I found this interesting tidbit in Loan Qualification Standards - Debt to Income Ratio while I was trying to figure out how much of a house I could afford to buy if I didn't sell my condo:
"Note that for high credit scores, Fannie Mae and Freddie Mac have automated underwriting programs with a considerable amount of slack cut in."
Ooo and hmm, I know mine is excellent. I keep wondering if I should go pay the $5 or so to get the actual number. Except I know doing so will show up as a hit on my report, so I want to wait until I know I'm applying for mortgages because you get a 30 day window where all inquires on your credit only count as one hit.
"Note that for high credit scores, Fannie Mae and Freddie Mac have automated underwriting programs with a considerable amount of slack cut in."
Ooo and hmm, I know mine is excellent. I keep wondering if I should go pay the $5 or so to get the actual number. Except I know doing so will show up as a hit on my report, so I want to wait until I know I'm applying for mortgages because you get a 30 day window where all inquires on your credit only count as one hit.
Labels: Home Buying
Posted by: trekker9er : 11:26 AM 
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