A Cheque requisition can also be attached to a vendor invoice where it is necessary to alert Accounts Payable of any special instructions pertaining to that invoice, such as special mailing instructions or special payment requirements (ie wire transfers).
To get more traditional mortgage loans, your credit scores need to get above the 620 to 640 range. If you want to get the best interest rates, you need to raise your credit score into the 740+ credit score range.
Lower credit score and down payment requirements. The FHA requirements for credit score and down payments are far lower than for conventional loans. Borrowers can technically qualify for an FHA loan with credit scores of at least 580 and a down payment of just 3.5 percent, according to HUD.HA mortgage rates are typically lower than mortgage rates on conforming loans. FHA Borrowers with credit scores of 660 will often qualify for the same interest rate as would conventional borrowers with a score of 740, says Blair-Gamblian.