Real Estate In Review with Kristi Dietz - Segment 2

Featuring Kristi Dietz from Re/max OTB Estates and Eric West from Countrywide Home Loans. An REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction. What are scoring categories and FICA? Scoring categories The scale runs from 300 to 850. The vast majority of people will have scores between 600 and 800. A score of 720 or higher will get you the most favorable interest rates on a mortgage, according to data from Fair Isaac Corp., a California-based company that developed the credit score. (Its own score is called the FICO score.) Fair Isaac reports that the American public's credit scores break out along these lines: Credit score Percentage 499 and below 1 percent 500-549 5 percent 550-599 7 percent 600-649 11 percent 650-699 16 percent 700-749 20 percent 749-799 29 percent 800 and above 11 percent FICA Score Ranges and Grade * 750 and above Excellent A++ * 680 to 750 Very Good A+ * 620 to 680 Good A * 580 to 680 Above Satisfactory B * 550 to 580 Satisfactory B- * 480 to 550 Below Satisfactory C

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: RealEstateInReview

Length: 05:34
Rating: 3.63
Views: 1269

Tags: Countrywide  Dietz  Eric  estate  Estates  Fernando  fica  in  Kristi  loans  OTB  Re/max  real  reo  review  San  snaptours  Valley  West  

Video Comments