Categories for Credit Score

Almost There: Little Credit Score Tweaks to Get the Score You Need for a Mortgage

July 30, 2015 by Leave a comment

Different mortgage types require different credit scores—and whether you’re just a few points shy of the 580 needed for an FHA loan or the 620 a traditional Fannie Mae mortgage requires, those few points really matter. If 5-10 credit score points are keeping you from getting the home of your dreams, then following these speedy... View Article

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Rejected for a Mortgage? Here Are Your Next Steps

May 13, 2015 by Leave a comment

There’s nothing worse than having a house all picked out, only to hear back from the bank that you’ve been rejected. You’re far from alone, though. In 2013, about 14.5% of all new purchase loans were denied by lenders, and that number climbed to 22.7% for refinances. Where you go from here depends on many... View Article

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What To Do When Your Partner Has Bad Credit

April 29, 2015 by Leave a comment

When you promise to love your spouse for richer and for poorer, you usually don’t factor in the financial limbo that is having a bad credit score. Mortgage lenders, however, will. Many newlyweds make the mistake of assuming that one spouse with a good credit score will balance out one with a not-so-great score, but... View Article

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Credit Card Mistakes That Can Keep You From Getting a Mortgage

April 6, 2015 by Leave a comment

If you’ve worked consistently for the past two years, and you’ve been saving your pennies for a downpayment and closing costs, you may feel nothing can stand in your way of qualifying for a mortgage. And in all likelihood, you’re the ideal candidate. However, what you may not realize is that certain credit card habits... View Article

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A Guide to Getting Your First Mortgage

February 16, 2015 by Leave a comment

Fortunately, buying your first place doesn’t have to be an uphill battle. Preparation is key, and if you take the following steps, getting your first mortgage might be a breeze. 1. Pay all your bills on time  A mortgage loan is a big commitment. Before a lender approves your application, the bank will review your... View Article

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