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New Mortgage Credit Scoring Model Your Mortgage Credit Score could be changing big time soon! This week, the Federal Housing Finance Agency (FHFA) announced that mortgage lenders will now be allowed to use VantageScore 4.0 for credit scoring. This ends…
Credit Matters More Than You Think When preparing to buy a home, your credit score becomes more than just a number—it’s a key part of your financial identity. While it’s not the only factor in qualifying for a mortgage, it…
Getting approved for a mortgage is an exciting step toward homeownership, but it requires careful financial planning. Lenders look at various factors to determine your eligibility, and small improvements can make a big difference. If you’re preparing to apply for…
Securing a mortgage with bad credit may seem like a daunting task, but it’s not impossible. While a lower credit score can pose challenges, there are strategies to improve your chances of qualifying for a mortgage. Here are some tips…
Your credit score is the key that unlocks many financial opportunities, from securing a mortgage to obtaining low-interest loans. If your credit score isn’t where you want it to be, don’t worry; there are proactive steps you can take to…
Generally, a credit score of 620 or higher will get the best terms for a mortgage. A higher credit score can make the underwriting and approval process faster and easier, as well as get a better interest rate. A higher…
There are rarely hard and fast requirements for a credit score when it comes to getting approved for a loan. A higher credit score will result in more favorable loan terms, such as a higher loan amount or lower interest…
