![]() ![]() Each time you change your loan request, the programs change, and the LoanScore™ of each program change instantly and automatically the Fico score remains the same unless you manually change it. Each loan program has its unique LoanScore™. And vice-versa, you can have a terrible credit score of 350 Fico and LoanScore™ of 99, which could be possible when you request a loan based on equity only and the lenders disregard the credit rating. It is possible to have perfect Fico score of 850 and LoanScore™ of 0 it means that despite the excellent credit, there are no loan programs which are matching your borrower’s needs. Good Fico score normally helps raise the LoanScore™, but it is only part of the LoanScore™. LoanScore™ (Loan Chance of Success Score) measures the likelihood you will receive loan offers from lenders based on your loan request and your financial qualifications. Fico Score measure your credit rating it is based on your credit history. FICO, or Fair Isaac, credit scores are a method of quantifying and evaluating an individual's creditworthiness. What is the different between LoanScore™ and Fico score? LoanScore™ and Fico Score are completely different scores. Lendersa loan optimization is a proprietary process the borrower can undertake to improve the results of his loan request and raise LoanScore™. ![]() tourist economy of Puerto Rico and moved in to assert their influence. A low LoanScore™ indicates no or very few lenders with a small number of matching programs. by the other two revolutionary Such studies will cost amounts of money House. A high LoanScore™ (E.g., above 80) indicates many eager lenders who are interested in arranging the loan based on the borrower request. The LoanScore™ scores range from 0 to 99. The LoanScore™ indicate to the borrower the number and the quality of the lenders who are interested in looking at his loan request. A borrower can explore many inquiries and receive several results for each inquiry with unique LoanScore™ for every result. LoanScore™ (Loan Chance of Success Score) measures the likelihood to find participating lenders who have matching loan programs to the borrower loan request. Other unimproved residential zoned land.Undivided one/more residential zoned parcels for subdivision.Single subdivided lot for SFR, Duplex, Triplex or Fourplex.Our dedicated teams in Puerto Rico and now, the United States, allow us to provide exceptional service to help you make the best decision possible - for you, your family and your financial future. OUR TEAMįor nearly 20 years, we have built our reputation on honesty and integrity with our customers and partners alike. That’s why we do not answer to investors. Given the crisis that Puerto Rico is experiencing due to the coronavirus (COVID-19) preventive lockdown, several major banks and financial institutions are. We pride ourselves in being a fully approved and authorized HUD/FHA Mortgagee, Ginnie Mae issuer of forward (MBS) and reverse (HMBS) mortgage loan securities as well as a servicer of our loans in many cases. ![]() As a family-owned business, Moneyhouse understands the sensitivity that comes with making big family decisions-like a reverse mortgage.īy committing our best efforts to you and your family, we not only focus on providing exceptional, personalized service to each and every one of our clients-we do so with transparency and a sincere interest in your particular situation. Why is that important? Because we are a family.
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