Why 'Transactors' Might Get Better Mortgage Terms Than 'Revolvers'

Posted from: http://www.zillow.com/blog/transactors-revolvers-mortgage-205489/

You may never have heard the terms transactor or revolver in relation to your credit habits.

But if you’re hoping to qualify for a mortgage someday, your credit-paying habits, viewed over time, could be used by lenders to estimate how likely it is you’ll repay your loan.

This could make a difference in the terms you’re offered, say experts.

Simply put, transact…