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Credit Scores And Other
Credit scores and other information contained in the credit report are the most important factor out of the three major criteria banks use to underwrite a mortgage loan application. The other two criteria are repayment capability and borrower investment in the subject property. It is much easier for a home buyer with good fico scores to get a no income disclosure or no down payment mortgage than for a borrower with excellent income and asset to get a no credit loan.
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