New FICO Index May Help Expand Mortgage Lending

Written by Florida Condotel Mortrgage on July 7, 2020. Posted in Florida Condotel Mortgage.

A supplemental score, the FICO Resilience Index, focuses on future recessions and gauges whether a buyer is likely to default even if they have a low credit score. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

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