Real Estate Glossary

What is Credit?

Credit refers to a person's ability to borrow money or to obtain goods or services on credit. Credit is typically based on a person's credit history, which is a record of their past borrowing and repayment activity. Credit history is used by lenders and other financial institutions to assess a person's creditworthiness, or their likelihood of repaying a debt. A person with good credit is generally considered to be a low risk for lenders, while a person with poor credit may have difficulty obtaining credit or may have to pay higher interest rates.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, SC, TN and TX.
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