FICO Scores
All Monroe home loan lenders evaluate the risk associated with loaning a borrower funds. At Classic Mortgage, Inc. our Monroe mortgage brokers assess many factors when you apply for a home loan; one important factor is the borrower's FICO score. Your FICO score is a numeric representation of your financial responsibility and this number is based on your credit history. A scale is used to measure FICO scores and the number can be anywhere between 300 and 850. The higher the number the less risk associated with extending credit to that borrower. FICO scores are provided to us at Classic Mortgage, Inc. by the three major credit reporting agencies: Equifax, Experian, and TransUnion. We use the scores from these agencies when evaluating your Monroe mortgage application.
First Time Buyer? We're Here to Help
Many people dream of owning a home in Monroe but the home loan process can be confusing for many first time home buyers. Classic Mortgage, Inc. offers Monroe first time buyers with many home loan options and assists the buyer in finding the best home loan for them. First time home buyer programs can offer lower interest rates, low down payments, or reduced taxes. Contact your Monroe home loan lender to discuss the details of each option and begin to realize your dream of home ownership in Monroe.
Monroe Real Estate Information
At Classic Mortgage we offer real estate information in Monroe and many nearby cities. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 318.323.5999.
