If you have never owned a home before or it’s been a few years since you have, you’re missing out on credit advantages. That’s right, when you buy a home you automatically … [Read More…]
How Conventional Loans Can Get Pricey
Conventional loans are crème de la crème of home mortgage market. This loan type offers the best possible terms and fees along sustainable long-term affordability. Little equity and credit blemishes can make … [Read More…]
Will Paying Off My Mortgage Hurt My Credit Score?
No one actually wants a mortgage. A mortgage is simply a means to an end, if you don’t have the cash. Ridding yourself of the financial obligation is the next best thing, … [Read More…]
Why Applying For A Mortgage Does Not Automatically Tank Your Credit Score
There is a fair amount of misconception that applying for a mortgage causes your credit score to drop each time. Not the case. The sole act of having your credit report in … [Read More…]
Does My Loan Type Hurt My Credit Score?
Future favorable financing deals, low rates and preferred credit offerings all will be available depending on how well you manage the grandaddy credit type: a mortgage loan. Generally, when you take out … [Read More…]
Quirky Mortgage Borrowers Are Still Getting Loans
Had a previous bad credit event? Don’t have two years in the same field? Income not three times your proposed payment? Fear not, when your financial picture doesn’t fit the box, here’s … [Read More…]
This Credit Mistake May Cost You A House
Your ability to purchase a home with financing is predicated on how much net income you have after all monthly debts. If you’re consumer liabilities absorb your income, particularly in credit card … [Read More…]
Authorized User Credit Accounts Can Be Loan Catch 22
Planning to apply for a mortgage? If you have an authorized user account reporting on your credit report, it could spell financial trouble if you’re applying for a home loan. Here’s the … [Read More…]
6 Actions To Make Your Credit Score Mortgage Worthy
If you have been turned down for a mortgage or quoted rates and fees that seem too high, you may have some homework ahead. The minimum credit score to land a mortgage … [Read More…]
Lenders Tightening The Screws On Short Sale Borrowers
Are you one of the millions of homeowners who short sold a house in the last few years? If yes, you’ll now be waiting a little while longer for your second chance. … [Read More…]
