How Mortgage Companies Look at Credit Scores
You have a CreditKarma or FreeCreditReport.com account and you keep a close eye on your credit score. You receive alerts notifying you of any activity or score changes. You are…
Credit Disputes Impact Mortgage Qualifying
Did you know you could dispute items on your credit report? Did you know that disputing items has become a popular method to clean up your credit and improve your…
Can You Afford a Mortgage Payment?
Determining what you can afford for a mortgage payment is looked at from two perspectives....your's and the lender's. You have your budget, your comfort zone, your expectations. The lender has…
To Jumbo or Not to Jumbo?
This information is easiest to explain through an actual experience with one of my customers... I just recently got a call from a past customer of mine. He desperately needed to…
Where the Heck Did FICO Come From?
Not too long ago, the credit world was much different than it is today. Credit bureaus operated in near secrecy, gathering information in ways that may surprise you. For instance, did you know that Retailer's credit (now Equifax) received information about you gathered by the Welcome Wagon hostess?
What is a Good Credit Score?
You just want to know what a good credit score is. Probably because you are looking into obtaining a mortgage, or maybe an auto loan. Did you know credit scores…
Free Credit Report
Many people I talk to have heard about getting their FREE credit report at www.freecreditreport.com because they have heard the catchy commercials they have singing about getting their free report. …
FHA Short Sale Warning
Avoiding foreclosure is always a good option, and a short sale is one option many homeowners turn to when they are unable to continue to make payments and owe more…
Quickly Increase Credit Score
Many tools are available to mortgage lenders and one of the tools I often use in my business is a Credit Analyzer tool provided by Advantage Credit of Colorado. By…
Oh No…Credit Report Inquiries!
"I don't want you to pull credit because my credit score will drop". This is a phrase I hear all too often when I am working with potential home buyers. …