How has my credit report information caused the Credit Union’s mortgage insurance (MI) rate to be higher?
Credit scores take into account a variety of weighted factors, often including factors such as your credit payment history, the length of your payment history and the amount of money you owe. CMG MI determined the Credit Union’s MI rate for your mortgage loan by utilizing the credit report information in your credit file provided by the consumer reporting agency. If you request your credit report information from a consumer reporting agency, you can inquire about the factors that influenced the credit score reported by the consumer reporting agency.
