5 Overlooked Ways To Improve Your Credit and Qualify For A Lower Mortgage Rate

 Credit Repair Can Be Scary... The idea of getting a home loan straight up scares most people. Not because it’s a loan and you’re borrowing money, but because of a variable rate that lenders give you. A small fractional difference in rate, which might not look much on paper, can cost you in five figures [...]

Credit Repair and Mortgages

For the things that matter credit matters. This couldn’t be more true when talking about obtaining, maintaining or refinancing a home loan or mortgage. Did you know that the whole basis of a credit score is for lenders to determine to chance of you going 90 days late on a loan? A single late payment on your home loan can drop your credit scores up to 100 points! In this article I am going to talk about credit repair in regards to getting, maintaining or refinancing a mortgage. As you will soon find out the first step to getting approved for a home loan depends on your credit reports and scores. The reason I say credit reports and scores is because you need both to meet certain criteria for your home loan to be approved. An FHA loan seems to be the most popular type of loan consumers are applying for currently. Most lenders are looking for a minimum credit score of 620-640 and for most non-medical collections to be paid. Credit repair is a vital tool in assisting consumers to prepare their credit reports for an approval of a loan. […]

By | January 20th, 2013|Credit Repair, Mortgage|1 Comment