Phone: 919.271.3473

About Us Contact Us Why Choose Us Office Location Testimonials New Real Estate News Agency for you Agents Join our Team Properties New Listings Sold Properties Automatic MLS Search Online MLS Search For Buyers Home Inspections Budgeting Mortgage Types Interest Rates Closing Costs For Sellers Home Value Report Setting a Price Net Proceeds Ready For Sale? 3.9% Listings Moving Smart Relocation Less Stress Moving Pick a Moving Comp Preparing To Move Moving Checklist Financing Utilities Choosing a Lender Common Loan Errors Calculate Payment Credit Score Glossary of Terms Mortgages Community Helpful Links Demographics Local Schools Local Weather 126 N. Salem St. Suite 206 (Downtown Apex above Peak City Grill) Apex, NC 27502   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 | about us | properties | for buyers | for sellers | moving | financing | community | Design & Contents Copyright © 2008 -  All rights reserved -  Resource Network -  Privacy Statement 126 N. Salem St. Suite 206 (Downtown Apex above Peak City Grill)  - Apex  - NC  - 27502  - 919-271-3473 Real Estate Web Design and SEO by Web611.com  Equal Housing Opportunity.