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Real Estate & Property Law

: Closing Real Estate in Chicago

680--the New 620

By Peter Olson, Esq.

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I'm not a lender but I do know that generally higher is better when it comes to credit scores. This was a recent syndicated column from Lew Sichelman regarding the increased importance of high credit scores.

Just a few months ago, a credit score of 620 would garner the best mortgage rates and terms. But many lenders now require a minimum of 680 for a prime loan. And some won't lend to anyone whose score is below that.

The full piece has some nice, legitimate overview information regarding steps to increase your credit score.

Full post as published by Closing Real Estate in Chicago on June 25, 2008 (boomark / email).

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