Currently on the market, there are many varieties of mortgage loans available. Sometimes it can be difficult to tell which mortgage loan is suitable and applicable to you.
Reduce Debt Without Credit Counseling – 5 Smart Moves
Being in debt can feel like having a heavy weight chained to your foot, dragging you below the surface and drowning you in unpaid bills and a deteriorating credit score. Here are 5 smart moves to unchain yourself from that debt without resorting to credit counseling.
Refinance Or Not? That Is The Question
Your home is most likely the single biggest asset you own, and can make the decision to refinance a difficult one. Also, a home is most often filled with the owners personal touches and contains many memories. You might ask what the heck family memories have to do with a home refinance. Good question. If you find yourself at the closing table unsure of your loan details, terms, benefits, and how your refinance will set you up for the future, thoughts of future financial unce…
Mortgage Rate-Credit Score-Watch What You Pay For
As amazing as it may seem, when it comes to getting a credit rating not all credit scores are the same. When you pay to get a rating number it may not be the same one your lender sees.
How To Improve Your Credit Score Before Buying A Home
If you are thinking about buying a home, condo or any other type of real estate, then you should know how your credits score will impact the home buying process. Most people who buy real estate do not have enough money in the bank to purchase a property outright with cash. Instead, most of us need to get a loan (also referred to as a mortgage) from a bank or through a mortgage broker in order the purchase real estate.
How To Repair Bad Credit By Refinancing Your Home Mortgage
One of the best ways to repair your bad credit is by refinancing your home mortgage. The difficult part is finding a lender for your home mortgage since your credit history is not good. Forget about the banks and other financial institutions, they will not probably accept your home mortgage. So how do we find a lender that does?
Fico Frequently Asked Questions
So, you have decided to consolidate your debts and are trying to improve your credit score. You’ve received the credit report, gone through it, and everything looks pretty much in order. Do you have a few questions about what FICO actually means? Don’t worry, you’re not the only one.
Begineer’s Guide To Amortization
Most of us have done it at a point or another during our lives however most of us do not know that the term is called amortization. Amortization in its simplest term means paying off your loan over a period of time. Amortization is pretty general and does not just relate to home loan or mortgages. It can be used to refer to your car loan, credit card bills etc.
Understanding the Credit Score and Mortgage Relationship
If you are considering buying a home or refinancing, the subject of credit scores has undoubtedly come up. So, what is a credit score and how does it impact you?
Mortgage Loan Understanding FICO Scores
Apply for a mortgage loan and youll soon become familiar with FICO scores. Heres a primer on the infamous FICO scoring process.
Mortgage Refinancing Below 500 FICO
If you have been turned down for a mortgage refinance, especially a cash out or debt consolidation refinance, because your lender says your credit score is under 500, there are a variety of new options and strategies available which can help you get the cash you need now to pay off your credit card debts, collection accounts, and other derogatory or poor credit accounts and improve your FICO credit score to the point where you can qualify for a low interest, fixed rate loan.
Pros and Cons Of Home Ownership
To own a home or rent a home? I am sure this question has been debated by many millions of potential homeowners.
It is a big decision and both sides of the coin have their advantages and disadvantages. I would like to share some of my opinions with you.