When you’re shopping for a low mortgage interest rate, keep in mind that widely advertised rates for home loans are usually designed for home buyers with “very good” to”excellent” credit scores. — Understanding Your Credit Score — That’s not meant to imply that you can’t get a mortgage if you have a “fair” credit rating,… Read More
Most of us try to keep tabs on our credit score. Seems we’re always talking about credit, I guess because our credit scores affect practically everything we do from getting a low interest rate when we buy a home, to finding insurance or getting a job. There are a few things however, that you might… Read More
What Is A Credit Score? When lenders evaluate a loan application, a process called underwriting, they evaluate your ability and willingness to repay the loan by reviewing the income and stability of past earnings. This practice helps the lender to determine if the borrower can afford the loan payments. The review of past credit history is… Read More
