Menu    Properties Available    California Maps    For Sellers    For Buyers    Financing  Choosing a Lender   Common Loan Errors   Calculate Payment   Credit Score   Glossary of Terms   Mello Roos   All Inclusive Deed   Non-Recourse Loans     Moving    "SoCal" Community    Foreclosures    Short Sales    REO Properties    Auction Sales    Price Reduced    About Dean  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 | properties available | california maps | for sellers | for buyers | financing | moving | "socal" community | foreclosures | short sales | reo properties | auction sales | price reduced | about dean | Design & Contents Copyright © 2008 -  Partners -  All rights reserved -  Friends -  Privacy Statement 22342 Avenida Empresa #150  - Rancho Santa Margarita  - CA  - 92688  - 949 290-5348 Real Estate Web Design by Web611.com  Equal Housing Opportunity.

Direct: 949 290-5348 Southern California Regional Specialist - CA Lic. 01385246 - Dean Harris