1. Number of open credit accounts – Lenders always look at the number of open lines of credit that an applicant has, and analyze this information to determine the potential risk they face. Their computer software is able to calculate the remaining available balances on those open lines, as well as the likely minimum...
Monthly Archives: February 2007
What You Need to Know About Jumbo Mortgages
The definition of a �Jumbo Mortgage� is a mortgage loan whose total amount is higher than the standard conventional limits.� Of course, with the ever-increasing cost of real estate in our country, it is becoming more and more difficult for consumers to purchase homes that are below this threshold.� This is also not to...
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