Your credit score will influence your mortgage options as well as the interestInterest: the cost of borrowing money, charged as a percentage of the outstanding balance and paid in arrears (unlike rent, which is paid in advance). More rate you will get. If you’re thinking of buying a home in the future, don’t take chances! These steps can help […]
Avoiding a credit score drop…
You’ve prequalified for a mortgage and you think you’re all set. You find the perfect house and you call your loan officer to set up the loan. The loan officer pulls a new credit report and tells you that your score has gone down and now your rate will be higher, or worst, you no […]
Financing for Marginal Credit – which lo
If you have less than perfect credit, you may assume that you need a large down payment to get approved, but that is not the case. If you are eligible for a VA loan or an RD (Rural Development) loan, you may be able to get approved for a loan with no down payment! […]