The top rung of scores has been raised, unfortunately. Currently, the minimum credit score to get the best mortgage rates is typically in the range of 750-760, at least with most lenders. However, a 740 to 750 FICO may still qualify you for the best rates with some lenders (as the saying goes, your mileage may vary).
specification noun [C usually pl]. âº a âclear, detailed âplan or âdescription of how something will be made: Specifications have been âdrawn up for the new âaircraft. The âhouse was âbuilt to the architectâs specifications.
Requirements are totally abstract things. A requirement is simply something that somebody requires. The Oxford English Dictionary defines a requirement as an order, a demand, an imperative. In the most common engineering context, a requirement is a required characteristic of something that is to be engineered or otherwise acquired. If a requirement is written down, it is now a specified requirement. A specification is a specific record. In the two most common engineering contexts, we have requirements specifications and design specifications. The first is a specific record of a set of requirements; the second is a specific record of a design.