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.
FHA Loans Are a Great Low Down Payment Option. As noted, these government-backed home loans have become insanely popular. The main selling point of an FHA loan is the 3.5% minimum down payment requirement. However, in order to qualify for the flagship low down payment option, you need a minimum credit score of 580. And 580 is just the FHAâs guideline â individual banks and mortgage lenders still need to agree to offer such loans.