A- what does it mean?

[Anonymous]

Just was told by my refi guy that I was a (A-) credit

What does this mean?

Anybody?

[Tuscani]

Means it's good.

[Anonymous]

Thanks,

 You mean I have arrived?

It's a miracle.

[Tuscani]

I should point out that A- to one lender could be C- to another. What are your actual scores?

[Anonymous]

He told me my middle score was 668.

[Tuscani]

Not bad. To me that would be B credit. But a good score nonetheless. Usually "a+ prime" is 720+.

[ShanetheMortgageMan]

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zman wrote:

Just was told by my refi guy that I was a (A-) credit

What does this mean?

Anybody?

---

A minus means you missed Prime rates for some reason... ask what the automated findings are saying about your borrowing profile that is putting you in the A-minus category instead of just A.

[Anonymous]

At least I can relax a little now and not be consumed by my score.

After hearing A anything associated with my score is good news.

I was in the 400's 2 1/2 years ago. Taken way too long to get back

Thanks.

[Anonymous]

Since I have you,

Can the first bank WAMU that locked me in at 6.5 change or counteroffer my rate to 7.25 after locking me in? Doesn't sound right to me.

I received the paperwork in the mail stating they locked me in at 6.5.

They stated they had to counter offer because of " due to my credit profile" . What was the lock for then?

Thanks.

[Anonymous]

Shane,

I think they did mention A- because I did not have a cash reserve for the rental I have.

It is a single family house with a legal "in law suite" in it. Not much cash in bank. have done way too many repairs to have reserves.

Would that do it?