Here is the synopsis of our sample research paper on MORTGAGES AND CREDIT SCORING. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 8-page paper discusses the impact of credit scoring on mortgages. Under discussion are various credit scores and how consumers can help keep them up. Bibliography lists 5 sources.
Page Count:
8 pages (~225 words per page)
File: D0_MTmorcre.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
she was carrying (and before the days of revolving credit limits and credit cards, the ratio on this tended to be higher rather than lower). But in this day of
higher credit limits (and easier ability to gain credit simply by sending in a shortened application), examining credit as an ability to pay off a mortgage is becoming more important
than home much money someone is making (although income is still an important factor when it comes to ranking the ability of a consumer to pay off a mortgage.
In this paper, well examine the impact of credit scoring on the ability of a borrower to obtain a mortgage loan, Well examine
what credit scores how, how financial institutions implement these score on the basis of mortgages and finally, what consumers can do to at least raise their scores and improve their
chances of getting a decent mortgage. What is Credit Scoring? In its most simplest form, credit scoring is a basic, statistical method
used by lenders to help quickly and objectively determine and asses a credit risk of a particular loan (Mortgage 101.com, 2003). Beyond this simple definition, the wording becomes somewhat more
complicated. The credit score calculates the likelihood that a potential borrower will pay back a loan (Mortgage 101.com, 2003). These scores range
from 350 (which is considered a high risk) to 950 (a low risk) (Mortgage 101.com, 2003). In this genre, there are a
few types of credit scores that are used on a fairly frequent basis (Mortgage 101.com, 2003). Fair Isaac & Company has developed FICO scores for each of the credit reporting
...