Currently Browsing: Credit Issues
Does Your Credit Score Really Matter?
Today’s topic is all about credit. When you are getting a mortgage, it’s common to wonder if a credit score really matters? The answer: absolutely yes! Credit is the one thing that will make the biggest difference in your rate, program, and…
Read More February 24, 2022
Conventional Loans: Taking the Average of the Mid Scores for Two Borrowers
This topic isn’t new, but I think it’s worth mentioning since I haven’t shared about it on these videos before. It’s an important topic, especially for people who looking for mortgage options. Low Credit Score Borrowers Conventional loans, specifically Fannie Mae, actually…
Read More February 9, 2022
When Should Young Adults Start Worrying About Their Credit?
Credit history and credit scores seem like topics that people don’t need to worry about until they are well into adulthood. Many young adults feel like it’s ok to wait before they work on building their credit history. But the truth is…
Read More September 4, 2019
Removing Roadblocks to Homeownership – The Big 3 Credit Issues
Continuing with our theme of removing roadblocks to homeownership, today I want to expand a little more on the topic of credit. I’ve talked about credit as a major roadblock, but I feel like it’s important to talk specifically about what I…
Read More February 20, 2019
Know Your Credit Score
Are you keeping an eye on your credit profile? Today I want to share a little bit of information about credit scores. If you want to qualify for a loan, then it is important that you are proactive to boost your credit…
Read More September 27, 2017
5 Things You May Not Know That Can Hurt Your Credit Score
We all know how important credit and credit scores are in today’s financial world. We also know that if we don’t pay our bills on time, these delinquencies can be reported to the credit bureaus and damage our credit score. However, many…
Read More September 29, 2016
Bad Credit or No Credit… What’s Worse?
We’ll all met that occasional person who loves to make it known that they have no debt whatsoever. In fact they don’t even own a credit card, have no car payment, and have never needed to borrow money. Yes, it’s rare, but…
Read More September 1, 2016
More News from Fannie Mae on Credit Evaluation
According to a recent article from Julie Wink of National Professional Mortgage Magazine, Fannie Mae’s announcement about “trended” data being added to mortgage credit reports for the underwriting process is going to cause a shift in the mortgage industry. This announcement will…
Read More July 14, 2016
What Credit Score is Needed to Qualify for a Home Loan?
Your credit score is one of the most important numbers that will impact your ability to buy a home. These three little numbers can make a big difference in your ability to qualify for a mortgage and more importantly, the the pricing…
Read More June 16, 2016
A Common Credit Roadblock to Home Financing
I think we all understand that credit and credit ratings are important. Unfortunately, sometimes we all make financial decisions that might seem like a good idea initially, only to find out later that it lowered our credit score. If you are looking…
Read More May 5, 2016
Protecting Your Credit Score When You Are Trying to Buy a Home
When you are in the process of trying to buy a home and get approved for a mortgage, you need to be very careful about doing anything that could affect your credit score. This means issues such as accruing more debt (new…
Read More December 18, 2014
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