Credit

Boost Your Credit Score to Buy a Home

Boost Your Credit Score to Buy a Home

By: Michele Lerner   Promises of loans for bad credit borrowers, while common amid the housing boom in the early 2000s, are now rare. If you’re interested in buying a home today, know that lenders will carefully check your credit and will rarely approve a loan for someone with seriously bad credit. For that reason, it’s […]

How to Find Home Buying Credits

How to Find Home Buying Credits

AUTHOR:RICK GRANT   Buying your first home is an exciting process, but it can also be a nerve-racking experience. You invest a lot of time and energy seeking out the right home in the right neighborhood. Then the real challenge begins: financing it. Getting a mortgage loan requires you to have enough money in the […]

Bad Credit Home Loans Top Tips

Bad Credit Home Loans Top Tips

  If you have had trouble in the past with loans, whether you haven’t been able to pay it back on time or you have met head on with bankruptcy then it is essential that you protect yourself. Understanding the ins and outs when it comes to bad credit home loans will give you that […]

Is it Okay to Close a Credit Card Before Buying a Home?

Is it Okay to Close a Credit Card Before Buying a Home?

by STEPHEN VANDERPOOL   There are many things to consider when buying a home, including how to snag the best mortgage rate. A big part of getting a good rate requires building a solid credit score. Credit scores are intricately linked to credit card use, and the rules aren’t always be intuitive. By spending responsibly and […]

Home loans become a little easier to get

Home loans become a little easier to get

Mortgage lenders are starting to accept lower credit scores and smaller down payments. More people are getting home loans with lower credit scores and smaller down payments. Last month, the average FICO score for a closed home loan was 732, down from 750 a year ago, shows data from mortgage tracker Ellie Mae. The average […]

Raise your credit score to 740

Raise your credit score to 740

    As lenders continue to tighten credit requirements, getting a good interest rate — or a loan at all — requires that you understand how the scoring system works. In our post-crisis economy, good credit isn’t just nice to have — it’s essential if you want to level the playing field with lenders. Credit […]

Facebook friends could change your credit score

Facebook friends could change your credit score

  Some tech startups are using your online social data to determine your creditworthiness. NEW YORK (CNNMoney) Choose your Facebook friends wisely; they could help you get approved — or rejected — for a loan. A handful of tech startups are using social data to determine the risk of lending to people who have a […]

11 Tips to Rebuild Your Credit

11 Tips to Rebuild Your Credit

by Gerri Detweiler   Looking for tips to build your credit? Here’s a slew of them to help you get your credit back on track. Set a date night with your credit. Think of it as your monthly check-up, or weigh in. Or add it to your to-do list when you pay your bills. Just be […]

Eight ways to improve your home appraisal

Eight ways to improve your home appraisal

  By Lou Carlozo WASHINGTON | WASHINGTON (Reuters) – When Kellie and Michael May decided to refinance their home in the New York suburbs, they wanted to take advantage of historically low interest rates. But before landing a new 30-year fixed-rate mortgage, they had to get through a home appraisal. “It was a major stumbling […]

Caution: That Loan Modification Can Hurt Your Credit

Caution: That Loan Modification Can Hurt Your Credit By Sheree Curry, HousingWatch Contributor | Posted Dec 9th 2010 1:43PM   Updated Jan 5th 2011 1:51PM A homeowner was dumbfounded to discover that his near-perfect credit score of 750 fell more than 100 points after joining a trial mortgage assistance program. And it happened despite never […]

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