When applying for credit, whether it’s a credit card; a car loan; a personal loan or a mortgage loan, the lender will want to know your credit risk level. To understand your credit risk, most lenders will look at your credit score and credit history. Your credit score influences the credit that’s available to you, and the terms (interest rate) that lenders will offer you. It is a vital part of your credit health. By knowing how your credit risk is evaluated, you can take actions that will lower your credit risk, and thus raise your score over time. A better score means better financial options for you.
Spinnaker Financial Home Loans – Specializing in Home Purchase, Refinance, Construction Loans, and Home Equity Loans in the Atascadero, Paso Robles, Templeton, and all Central Coast Area.