You missed a due date and think it’s no big deal. You’ll just make the payment and move on, right? What you don’t know is how much that missed payment cost you. We are talking literally and figuratively here. Missed payments can affect you in ways you probably won’t realize until you try to get […]
The Top Government Mortgage Programs for Bad Credit
You have bad credit so you think you’ll never get a mortgage. Did you know that government mortgage programs cater to those with less than perfect credit? Don’t give up your search for a mortgage before looking into these great loan programs. FHA Loans are a Popular Government Mortgage FHA loans have the reputation of […]
What’s a Good Home Loan for First Time Buyers With Bad Credit?
Have you put off buying a home because you don’t have good credit? Did you know there are programs for first time buyers with bad credit? It might take a little more work and creativity, but there are loans available. Understanding your options can help you find the loan that works for you, putting an […]
Are Credit Disputes Affecting Your Mortgage Eligibility?
Credit disputes are meant to help you. If you don’t agree with something on your credit report, you have the right to dispute it. But, did you know how home loan lenders look at these disputes? It might be shocking to find out what they think. Credit Disputes are Bad News Mortgage lenders don’t like […]
How Far Back do Mortgage Lenders Look at Credit History?
A bad credit history could mean no mortgage. But just how far back do lenders look? Does one mistake scar you for the rest of your life? Luckily, it probably doesn’t. Unless of course, you don’t pick up the pieces and improve your credit moving forward. Here we will discuss how a bad history can […]
How to Get a Mortgage If One Spouse Has a Poor Credit Score
Maybe you knew going into your marriage that your spouse had a poor credit score. Maybe you didn’t, though. Either way, the end is the same. You may have trouble securing a mortgage. Before you subject yourself to renting for the rest of your life, consider these steps. Apply on Your Own Many couples assume […]
How Revolving Credit and Installment Credit Affect You
Receiving a new credit card is exciting. The possibilities of what you can do with it likely jump around in your head. But, before you start using that card, you should know how it affects you. Not using your credit card responsibly could seriously harm your credit score. Did you know that even a small […]
Qualifying for a Home Loan with Poor Credit History
If you have poor credit history, you do not have to assume that you cannot secure home financing. There are many ways that you can still get the financing you need either right away or in the near future after you make a few changes. While a negative credit history is often a hindrance for […]
What is a Thin Credit Profile?
Did you know that not everyone needs a credit score to obtain a mortgage? A thin credit profile, as it is called, can still allow you to gain approval for specific loan programs, including the USDA and FHA program, which allows for no or low down payments and very lucrative financing terms. A non-existent or […]
Three Ways you will Pay for Bad Credit with a Conventional Loan
Most people know that mortgages are driven by your credit score, but they are affected by them more than you might think. Every loan program has a minimum credit score they will allow in order for you to qualify for the loan, but it does not end there. Even if you meet the minimum requirement […]