1bloc.com » Loans & reports http://www.1bloc.com The Real Estate & Finance Hub Thu, 09 Sep 2010 04:21:22 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Watch out the credit error in your mortgage report http://www.1bloc.com/watch-out-the-credit-error-in-your-mortgage-report/ http://www.1bloc.com/watch-out-the-credit-error-in-your-mortgage-report/#comments Sat, 19 Jan 2008 20:30:54 +0000 admin http://www.1bloc.com/watch-out-the-credit-error-in-your-mortgage-report/ Modern loan officers tend to work on volume. So when reviewing the credit scores for a real estate mortgage these officers will tend to look at the basic scores, without paying too much attention to reviewing the reports and discussing problems with applicants.
So when applying for mortgage loan on your dream piece of real estate you could easily end up paying a higher monthly interest rate simply because of some minor error in your credit report. This slightly higher interest rate may add up to thousands of dollars over the life of the mortgage.

Therefore, it is essential that you review your credit report to ascertain if there are any factual errors, as even a small mistake can cost you a lot of money over the years, or even stop you from obtaining a mortgage for your real estate.

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