What is the Average First-Time Home Buyer’s Credit Score And How to compare yours?

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In: New Home Mortgage News

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Most first-time homebuyers aren’t in a situation to purchase property inside and out in real money. Rather, they depend on mortgages to fund their home buys. The higher your credit score is at the time you apply for a mortgage,Continue Reading

Lenders Lower Their Credit Offerings

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In: New Home Mortgage News

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According to the Mortgage Bankers Association in the month of November, more lenders reduced their credit offerings. The Mortgage Credit Availability Index of MBA slipped 0.6% in November, suggesting that lending standards tightened at that time. In March 2012 theContinue Reading

Credit scores rises for consumers who dealt with COVID hardships

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In: Mortgage News

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Last updated on November 22nd, 2021 at 04:04 pmAs a minimum one credit score model revealed improvement for 18.7 million borrowers with financial hardships during the pandemic, new TransUnion research shows. In a study of VantageScore 4.0 alters for consumerContinue Reading

Ways To Improve Your Credit Score

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In: Realtor News

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You’ll need to make some sound financial decisions for at least several months to improve your credit score and right the previous damage you’ve done to your credit record.  And it can be done by following these simple steps andContinue Reading

Does Your Credit Score Give You Jitters?

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In: New Home Mortgage News

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Last updated on December 5th, 2022 at 10:05 pmThe average FICO score on closed loans reached 753 in February says the data from the most recent Origination Insight Report by Ellie Mae.  Because of the tightening of the lending standards many borrowersContinue Reading

How Credit Score Gets Affected While Refinancing A Mortgage

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In: Refinance News

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Last updated on February 3rd, 2021 at 11:47 amCovid 19 pandemic has impacted the finances of many Americans some good, some bad.  Resulting in the mortgage refinance rates to drop to near-record lows. Since March 2020, the Federal Reserve has cut interest rates twiceContinue Reading

Credit score for Mortgage Refinance

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In: Refinance News

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Last updated on February 3rd, 2021 at 10:20 amIf refinancing your home is in your mind then setting your financials in order is what you need to work on.  Especially you may need to increase your credit score, pay offContinue Reading