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Originally posted by stompk
Without that minimum number, one definitely has trouble buying anything on credit.
If you've never borrowed, what is your score?
Problem is, who controls your rating
Originally posted by stompk
Are those lenders thinking, if we loan them less than what their house is worth, and they default, we get the house and they get the street?
Or are they really trying to help people out of a jam?
Originally posted by Amethyst
You only have to worry about taking a mark if they want to put it IN your right hand or forehead, and if you can't buy or sell without it.
Of course it would be helpful to know who the beast is. In a broad sense, the NWO.
Originally posted by dave_54
My credit score is well over 800 (Last time I checked our score was in the 830's -- shameless bragging!).
Of course, it has taken us over thirty years of fiscal hard work to get that rating. Sure makes buying a car easy.
I'm thinking the mortgage companys are dreaming of default and the high return on investment they are seeing some long green,but... if housing market drops gonna be a bunch of laon companys going under,oh well then in that case they will get a govt bail out,so seems to me like a no lose situation
Originally posted by MajesticJax
stompk> quote: Why are there all these mortgage lenders out there advertising they will loan you money if your credit is bad, as long as you own your home? Are those lenders thinking, if we loan them less than what their house is worth, and they default, we get the house and they get the street? Or are they really trying to help people out of a jam?
Great Question- those lenders are called "niche" lenders because they cater to a certain segment of the market. (Because of the immense amount of competition). Are they just trying to "help them out of a jam" hahahah. No. Your first assumption is correct. Almost all home loans require appraisals, and the bank will loan you a percentage of the homes value, called the LTV, or "loan to value", depending on several factors to come up with the LTV they will allow you to have. (Just ONE being credit score); and even though they don't want to foreclose, (they make more money if you pay on the loan), knowing they've only put out 80% of your home's value helps their accountants sleep better at night, and helps them sell off your loan to another company if they need to generate MORE lending capital.
As far as the original subject of credit score, one factor that is MORE important in my field, is LTV.
Originally posted by stompk
Is your credit score the mark of the beast?
SOURCE
The Mark of the Beast is NOT a literal mark, NOT a lazar mark, NOT a credit card (or score), NOT an implanted chip, NOT a National ID Number, and NOT a giant computer, but it is a symbolic mark! Although all of the above items may be used to coerce and force us to bow and worship on Sunday, yet they are not the Mark of the Beast. This symbolic mark will not be ON, but will be either IN the forehead--signifying mental acceptance, or that you believe Sunday is the sabbath. Or IN the hand--signifying service, or that you may not necessarily believe Sunday is the sabbath, but you will go along with it anyway.
Originally posted by Nygdan
So, if you accept jesus as saviour, but go to a building where people pray and read from the bible, on a sunday, you're toast, but if its saturday, you go to heaven?
Seems....unlikely.