Blog Archives

Can Shopping Around for a Mortgage Keep You from Getting One?

It never hurts to ask — or does it? Here’s what you need to know about how credit checks can affect your mortgage rate. Almost all home buyers know that higher credit scores mean lower mortgage rates, so it’s no

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Legislation Could Open Credit Box for Millions of Homebuyers

Waters proposes sweeping credit reporting reforms U.S. Rep. Maxine Waters, D-Calif., is introducing a bill that would eliminate medical debt from credit reporting, which accounts for more than half of all unpaid debts in collection, and which the Consumer Financial

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How to Protect Your Credit Score During a Move

By Becky Frost Packing up and moving can be challenging. With so many things to remember and do, it is easy to place thoughts about your credit’s well-being in the background. Moving will occasionally be part of your life story, and there

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FHA LOAN Minimum Credit Score Requirements Drop 40 Points; Guidelines Loosen Nationwide

It’s getting easier for home buyers to get approved for an FHA-backed home loan. At least one major lender has announced that it will approve FHA mortgage applications for borrowers with credit scores of 600 or better, a 40-point buffer

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Applying For A Mortgage While Fixing Your Credit

Your credit score is a number meant to score your history of “borrowing money”. However, a February 2013 study from the Federal Trade Commission (FTC) found that 20% of U.S. consumers have at least one documented error in their active

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