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abbbxf

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scores for best loan interest rates (home construction)
with a 820 score and my wife's score of 730 will we get the lowest avail rate for a construction loan. Prev told that wife's score was too low and was affected by one credit card w/a 2500 limit and a bal of 1367 if the bal was 750 0r 30% will this make for a higher score

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yes if you pay down the credit card, after the new balance is reported to the bureaus you will see a score increase. I also would like to know what kind of scores you are talking about here as there are many different scoring systems. Most banks will use a version of FICO scores. You need to see what  version of what model scoring system the lender uses to know more about where you stand. If you are talking an 820 on a Fico model that is used by your lender I would say that you are in great shape. Construction loans can be a real pain in the *** so do your homework and be prepared for some aggrevation.

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