Credit Grade Mortgage companies often
grade your loan based on certain credit related items such as payment history, amount of debt payments, bankruptcies, equity position and your credit score.
Not exact matches
If you want to get some idea of what APR you might qualify for you can view its
loan grades based on credit scores on its website.
The origination fees will cost you from 1 percent to 5 percent of the
loan amount, and they'll
based on the
loan grade — AAA to DDD — for which you qualify.
A low credit score does not necessarily mean you will be turned down for a
loan, but you will be given a
grade based on your possible risk of defaulting on the
loan.
A FICO score, or credit score, is like a
grade given to you
based on your purchasing on credit and how you pay back the amounts of credit you are
loaned.
Your
loan rate is calculated on the
basis of your Prosper Rating, which is similar to Lending Club's credit
grade, and is
based on your credit score and credit profile,
loan term and
loan amount.
There are also other companies that offer private student
loans without cosigners, such as alternative underwriting criteria that allow you to qualify for a
loan if you have good
grades and are planning to go into certain fields rather than just
based on your credit score.
Loans are
graded based on credit
grading and
loan term.
More complicated are
loan rates, since they are
based on your credit
grade.