Credit Articles
The Ultimate Guide to Credit and Credit Score
Credit represents the ability of a borrower to obtain goods or services before payment, based on the trust that payment will be made in the future. A credit score is a number representing the risk which a borrower presents to a lender, or the likelihood that the borrower will be...
Credit represents the ability of a borrower to obtain goods or services before payment, based on the trust that payment will be made in the future. A credit score is a number representing the risk which a borrower presents to a lender, or the likelihood that the borrower will be...
How Can I Repair My Credit?
Your credit is one of the most important financial tools that you possess. It helps determine if you can finance that car you want, obtain the mortgage loan for the home you want to live in, or open credit accounts with stores. Building and developing credit can be a precious thing....
Your credit is one of the most important financial tools that you possess. It helps determine if you can finance that car you want, obtain the mortgage loan for the home you want to live in, or open credit accounts with stores. Building and developing credit can be a precious thing....
What Is a Credit Report?
Credit is a vital tool in today's society. Most individuals can not typically purchase a home, car or pay for other significant expenses out of pocket or from a modest savings account. Therefore, credit is a necessary component of our financial future.. Your...
Credit is a vital tool in today's society. Most individuals can not typically purchase a home, car or pay for other significant expenses out of pocket or from a modest savings account. Therefore, credit is a necessary component of our financial future.. Your...
Lender Overlays and Why Your Credit Score Matters for Mortgage Applications
The interest rates that mortgage lenders usually offer are based on a consumer's credit scores (risk-based pricing). Credit scores are the lender's indicator of risk of borrower default.. A credit score is a calculation which measures the probability a consumer...
The interest rates that mortgage lenders usually offer are based on a consumer's credit scores (risk-based pricing). Credit scores are the lender's indicator of risk of borrower default.. A credit score is a calculation which measures the probability a consumer...
7 Obstacles Between You and the Best Mortgage Rates
According to Zillow’s forecast, housing prices are bottoming out in many markets -- meaning that now is the time for buyers to think about entering the market and for homeowners to consider refinancing to a lower mortgage rate.. So, what are the seven obstacles that...
According to Zillow’s forecast, housing prices are bottoming out in many markets -- meaning that now is the time for buyers to think about entering the market and for homeowners to consider refinancing to a lower mortgage rate.. So, what are the seven obstacles that...
5 Common Obstacles to Refinancing
Refinancing an existing mortgage can be much simpler than obtaining a brand new home purchase mortgage from scratch. . Despite this, refinancing can be difficult for some borrowers. If you're hoping to refinance your mortgage, consider the following obstacles:. 1....
Refinancing an existing mortgage can be much simpler than obtaining a brand new home purchase mortgage from scratch. . Despite this, refinancing can be difficult for some borrowers. If you're hoping to refinance your mortgage, consider the following obstacles:. 1....
Credit Score Requirements for Conventional Loans
What credit score do you need to qualify for a conventional loan? Review the list below to find out what type of conventional loan you may qualify for:. 580: Minimum credit score to qualify for a conforming loan.600: Accepted by a few lenders, but...
What credit score do you need to qualify for a conventional loan? Review the list below to find out what type of conventional loan you may qualify for:. 580: Minimum credit score to qualify for a conforming loan.600: Accepted by a few lenders, but...
VA Loan Credit Score Requirements
The credit requirements for the VA home loan program are lenient. However, applicants must still meet the credit and income criteria established by the Department of Veteran Affairs (VA). . While the VA has not set a minimum credit score requirement, most lenders...
The credit requirements for the VA home loan program are lenient. However, applicants must still meet the credit and income criteria established by the Department of Veteran Affairs (VA). . While the VA has not set a minimum credit score requirement, most lenders...
Letter of Explanation for Credit Issues
Borrowers are often prompted to write a letter explaining the reasons for credit default. You can use our sample letter as a guide if you asked to write such a letter.. Dear Sir or Madam,. This letter provides explanations for each negative item on my credit report that you will...
Borrowers are often prompted to write a letter explaining the reasons for credit default. You can use our sample letter as a guide if you asked to write such a letter.. Dear Sir or Madam,. This letter provides explanations for each negative item on my credit report that you will...
Infographic: Credit Score and Mortgages
This infographic illustrates credit scores and their affect on obtaining your preferred mortgage loan. The credit score is divided in to payment history, amount owed, credit history, new credit and the types of credit. Before applying for a loan, be sure to check your credit...
This infographic illustrates credit scores and their affect on obtaining your preferred mortgage loan. The credit score is divided in to payment history, amount owed, credit history, new credit and the types of credit. Before applying for a loan, be sure to check your credit...
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