Tag: Credit Score

Posted on 03/17/2024
Considering Your Finances: Is Home Ownership the Best Choice?
Whether you’re planning on buying investment property or a new home, there are financial factors to consider. Knowing the details of your financial situation will help you make the best decision and help avoid unnecessary stress. If you’re trying to decide between renting and buying, here are some of the main financial things to go over: Savings Most...
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Posted on 11/27/2022
Shopping for mortgages: Find the right financing for your home
You’ve done your research, and you’re ready to purchase...
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Posted on 06/19/2022
How to buy a house with bad credit
While getting approved for a mortgage does require a good credit score, it’s not impossible to buy a house with bad credit. Even if you’re denied by conventional mortgage lenders due to not meeting a minimum credit score, there are options for financing to help you buy your dream home. Here is a basic guide to some ways...
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Posted on 10/04/2020
Do Your Homework: 3 Ways Home Buyers Can Position Themselves for the Best Mortgage Terms
Image by StockSnap from Pixabay The perfect home is not the only thing you'll need to shop for when you want to become a homeowner. In order to get the best terms, the lowest monthly payment and a reasonable interest rate, start doing some homework now -- before you even attend your first open house. 1. Check Your...
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Posted on 07/07/2020
What is a FICO Score?
Image by David Pereiras from Shutterstock Your FICO score is a key factor used to determine if you qualify for a mortgage. The Fair Isaac Corporation (FICO) is the creator of the most common credit score used by home loan providers. The algorithm used to create your score is a closely-guarded industry secret. But in general, it factors...
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