Tip 19: Did you know that in most cases the PMI payment (private mortgage insurance) can be removed from your monthly payment when you have built up enough equity in your home?
Call Advanced Mortgage Solutions to find out if you qualify for removing PMI from your current loan.
C O M P A N Y
What's Your Credit Grade?
Your credit rating is a major factor for lenders when determining your capability of obtaining a loan. Aside from your credit rating, lenders will confirm your financial responsibility and stability by reviewing things like:
Your monthly income Occupation and length of time with your employer Homeownership status and history Length of occupancy in former homes.
Below are some general criteria used within the industry to determine a borrower's credit grade.