How Much Debt Is Too Much If You Want to Buy a Home?

Having a lot of debt has become commonplace these days to the point that no one even thinks about it until they want to buy a home. In fact, it has become normal to have thousands of dollars in debt although this can significantly harm your chances of being approved for a mortgage. Here is the maximum amount of debt you should have and what […]

June 2, 2020

Published by DBascombe at June 2, 2020

Categories

Credit

What Is the Minimum FICO Score for a Mortgage?

For most Americans, buying a home is one of the most significant purchases they will make in their lifetime. As a result, it is in your best interest to set yourself up as best as you can to improve your odds of success in the mortgage application process. Your FICO score is the difference between getting an amazingly low rate or having to agree to […]

May 26, 2020

Published by DBascombe at May 26, 2020

Categories

Credit

How to Start Building Your Credit

When it comes to obtaining a mortgage, your credit score determines how trustworthy you are to lenders. The better your credit score, the lower your mortgage interest rate and monthly payments will be. Furthermore, having a better credit score increases your chances of getting approved and gives you more options to choose from. The easiest way to start building your credit is to apply for […]

May 19, 2020

Published by DBascombe at May 19, 2020

Categories

Credit

5 Ways to Boost Your Credit Score Faster

Your credit score is one of the most important factors in determining whether you’ll receive favorable terms when applying for a mortgage, loans or credit cards. Having a high credit score in essence will save you money. If your credit score isn’t where you want it to be right now, the good news is that you can turn things around. While improving your credit score […]