topic What Are the Attributes Associated With an "A" Borrower or Qualities of an "A" Loan ? in Mortgage Loans

What Are the Attributes Associated With an "A" Borrower or Qualities of an "A" Loan ?

veracious — Tue, 07 Jun 2011 17:31:06 GMT

While researching ,I found the term puzzling. I read in numerous articles that Loan Officers like to service "A" clients or "A" loans.

Can anyone describe what they meant.

What does it take to be seen as an "A" borrower?

Does it mean that the mortgage broker will be servicing your loan, therefore getting a steady income for the life of the loan?

Or does it pertain to something else?

Thanks for any replies.

Re: What Are the Attributes Associated With an "A" Borrower or Qualities of an "A&qu

doublespaces — Tue, 07 Jun 2011 21:43:27 GMT

I think its just a term for a really good borrower?

Re: What Are the Attributes Associated With an "A" Borrower or Qualities of an "A&am

ShanetheMortgageMan — Sun, 12 Jun 2011 08:54:13 GMT

Yup. It normally means someone with excellent credit scores & good debt ratios who is qualifying for an "A paper" loan. A few years back you may have remembered hearing the terms "Prime" and "Sub-prime". A paper loans are synonymous with Prime loans.