All Real Estate:Good Credit Score Not Good Enough Anymore
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Minfeng.net is a real estate blog about the real estate Market, and a place where you may find useful information and insights providing helpful tips and enabling you to make objective decisions.The following is from Bankate.com: A few years ago, a score of 620 or higher was good enough. That increased to 680 in early 2008. Then it jumped to 720 in April last year and 740 in August, says Rodney Anderson, senior managing partner of Plano, Texas-based Rodney Anderson Lending
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The following is from Bankate.com: A few years ago, a score of 620 or higher was good enough. That increased to 680 in early 2008. Then it jumped to 720 in April last year and 740 in August, says Rodney Anderson, senior managing partner of Plano, Texas-based Rodney Anderson Lending Services.
In the past, any score of 700 or higher would get a double thumbs-up from credit experts. Now, rate adjustments begin kicking in at 740, with every 20-point drop adding another adjustment.
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