score

Does a Low Credit Score Affect My Interest Rate?

May 6, 2010

When buying or refinancing a home with Mortgage Atlanta we estimate your ability to pay back your home loan based on your credit score. All lenders base your interest rate on the amount of risk your credit portfolio shows. Therefore, a low credit score can results in a higher interest rate, higher monthly payments and […]

Read the full article →

What determines your Credit Score?

April 2, 2010

Mortgage Atlatna uses three main credit agencies, Equifax, TransUnion, and Experian to determin your credit score. Each agency receives information from your creditors and uses five main factors to determine your score. Each agency awards points for each of these five components. Credit Scores may range from 300-850. The factors are listed below in order […]

Read the full article →