Your FICO scores affect your interest rate when you’re buying a home (and contrary to popular belief, you can buy a home after a foreclosure or bankruptcy if you work to improve your credit). What Are FICO Scores? Your FICO score is a type of credit score created by the Fair Isaac Corporation. Lenders use […]
If you’re like most people, your credit could use a little “brushing up” before you apply for a loan. That’s perfectly normal, and you’re thinking along the right lines: the better your credit score, the easier it will be to get a good interest rate and more favorable terms from your lender. While this isn’t […]
DISCLAIMER: This is not intended to replace financial advice; we’re not financial advisers. If you need financial advice, you should speak with a licensed financial adviser. Can you buy a house with bad credit? Let’s talk about what constitutes “bad credit” for the purposes of buying a home so you know exactly what you need […]
Borrowers with high credit scores get access to lower mortgage rates and can find the mortgage approval process to be more smooth than borrowers with low credit scores.
Shoppers should think twice about is the popular “Open A Charge Card, Save 20%” promotion. The short-term savings may be tempting, but the long-term costs may be huge.
Mortgage approvals are primarily based on good income, good equity and strong credit, and, without all three, the best rates of the day remain out of reach. Do something about your credit score.
The company behind the popular FICO scoring model has published a “What If?” series for common, specific credit missteps.