Below you'll find a list of all posts that have been tagged as “Credit”
Is purchasing a home one of your goals? First things first, retrieve your credit report and assess if there’s anything you can do to improve it before securing financing. The better your credit report, the better interest rate and terms for your mortgage, which can save you thousands in the long run. If you want to improve your credit score, …
The new year is coming, which means many people are thinking about everything they hope to accomplish during the next 12 months. If buying a home is a goal for you, there are a few things that can help improve your purchasing power in 2019. These are simple changes and additions to your existing routines (beyond the traditional saving money …
Realtor Melanie Cameron shares the ideal credit score needed to purchase a home. The answer may surprise you! You don’t need to have a perfect score to qualify to for a mortgage loan. Get more great tips in our 60-page Buyer Guide. Don’t forget to comment, share, and like this video on Facebook and YouTube to be entered into the …
The most commonly used scoring tool used by mortgage lenders is the FICO Credit Score. If you’re thinking of purchasing a home, it’s important that you understand what the scoring system is and how it can affect your ability to obtain a loan. We recommend you take a few minutes to read through this blog post and familiarize yourself with …
CoreLogic has released its third quarter Housing Credit Index (HCI) report. This third-party report tracks the change in mortgage lending since 2001, the year when lending standards began to loosen before the dramatic tightening in 2006-2007 as a response to the housing bubble. The HCI gives a general look at how healthy the current mortgage industry is. Here are the …
Americans spent years recovering from the recession and are now trying to purchase homes. Many face credit issues that have lowered their credit scores and some may be desperate to make them go away, but it’s important for consumers to know that there are untrustworthy people out there who may be looking to cash in on their credit issues. They’re …
Happy Monday! I hope you had a fantastic weekend and enjoyed the warm weather we had on Saturday! Since the “bubble burst” of the real estate industry and the revamping of lending practices a lot has changed. I’m in the process of buying a home now and going through the process has been a reality check for me for what …
How often have you heard that you need to know your credit score? It seems like I can’t watch an hour of television without seeing a commercial for free credit reports. Most people know that credit scores affect the loans we’re able to get, but when we delve deeper into their significance, things get really confusing. So, here’s a basic …
There is a lot of confusing and conflicting information out there about credit reports and managing your credit history. One of the most debated is whether having bad credit or no credit is better. Many financial writers have claimed that having no credit (meaning no history of a credit card, home loan, car loan, etc. on your credit report) is …
If you’re thinking of purchasing a Wilmington area home, then your first step should be to pull your credit reports, in particular your FICO® Score, which is checked by most major lenders. It will give you a fair idea of how likely you are to get a loan with a good interest rate. Your FICO® Score is a number between …
