Getting
Your NY Credit Reports
When refinancing your current
NY mortgage or applying for a new New York mortgage, getting
your credit report is easy. The cost of obtaining
a tri-merge credit report is about thirty five
dollars.
A tri-merge credit report is
a combination of reports from all three credit
bureaus. When applying for a mortgage, a single
credit report is not sufficient, a tri-merge
credit report is required. Mortgage lenders
evaluate the three credit scores and use the
score which ranks in the middle as your final
credit score.
Each time your credit is checked a record is
added to your credit report.
If there are too many checks on your credit
in a short period of time your score may be
negatively impacted.
At a minimum, the credit checks will
be displayed to all subsequent creditors, who
may be more cautious if they see too many credit
checks.
Credit scores range from about
375 to 900. A score of 700 or above is normally
required for the lowest interest rates available.
620-699 for average interest rates. And 500-619
for B&C loan programs.
Credit Reporting Companies
Equifax Credit Information
Services, Inc
P.O. Box 740241
Atlanta, GA 30374
Phone: 800-685-1111
Internet: www.econsumer.equifax.com
Experian
955 American Lane
Schaumburg, IL 60173
Phone: 888 397 3742
Internet: www.experian.com
TransUnion
Post Office Box 2000
Chester, PA 19022
Phone: 800-888-4213
Internet: www.transunion.com
Greater Capital District Funding - New York Mortgages and Refinance
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