Many home buyers complain that one of the biggest hurdles they face is qualifying for financing. So what are some ways that home shoppers can ensure they qualify for a better mortgage deal — particularly one that takes advantage of the near record-breaking low mortgage rates? A recent article at Money Magazine highlighted some of [...]
Archive for the ‘CREDIT SCORE’ Category
Tips that Might Help Home Buyers to Qualify for a Mortgage
Posted in 9 - TREASURE CHEST, CREDIT SCORE, HOME BUYERS, USA Real Estate News, World View, tagged Arlington County VA mortgage rates, Fairfax County VA mortgage rates, Loudoun County VA mortgage rates, Northern Virginia mortgage rates, Prince William County VA mortgage rates on March 30, 2012 | Leave a Comment »
New FICO Credit Score Tailored for Lenders to Screen Mortgage Loan Borrowers
Posted in 2 - RE BUYER RESOURCES, CREDIT SCORE, HOME BUYERS, USA Real Estate News, Virginia Real Estate News, tagged Credit score for mortgage loan lenders, FICO score for home loan borrowers, FICO score for mortgage lenders, FICO score for mortgage loan borrowers, FICO score for mortgage loan lenders on October 28, 2010 | Leave a Comment »
The three major U.S. credit reporting agencies are offering a new FICO score for prescreening, originating, and servicing home loans that better predicts the likelihood of default. The FICO 8 Mortgage Score from Fair Isaac Corp. uses the same 300-850 scoring range but more effectively flags accounts 90 days or more past due, which corrals [...]
Seven Common Credit Report Mistakes – Improve Credit Score by Removing Errors
Posted in 2 - RE BUYER RESOURCES, CREDIT SCORE, HOME BUYERS, USA Real Estate News, Virginia Real Estate News, tagged 720 credit scores for conventional loans, Consumer credit scores, Credit scores for conventional loans, Credit scores for FHA loans, Credit Scores for Home Buyers, Credit scores for homebuyers, Equifax credit bureau, Experian credit bureau, Free annual credit report, How to correct errors on credit reports, How to correct mistakes on credit reports, Line of credit on credit reports, Mortgage credit score from MyFICO, My FICO credit scores, MyFICO scores, MyFICO.com, One free credit report per year, TransUnion credit bureau on June 21, 2009 | Leave a Comment »
Credit scores are more important than ever as lenders introduced higher standards for borrowers seeking a mortgage. Most lenders require credit score above 720 for conventional loans. FHA loans did not take credit scores into account in the past, as long as the borrower had a stable employment history and income over the last two [...]
