What affects credit scores? 7 misconceptions
Originally published October 22, 2010
If you’re trying to raise your credit score to get a good rate for a refinance or HELOC, you might be surprised by what affects—or doesn’t affect—your score.
Read More →FHA-backed loans make sense; it’s Congress’ whims that are nonsensical
Does your credit score fall below the 640 to 650 range? If so, good luck getting a home mortgage or refinance through traditional lending channels. Since the housing market crashed in 2008, lenders have tightened their belts and turned away borrowers who have less-than-perfect credit scores or low downpayments. Luckily for you, if you’re looking to buy or refi, the local bank isn’t your last resort for a home loan.
Read More →8 tips for finding your new home
Originally published on February 10, 2010
A solid game plan can help you narrow your homebuying search to find the best home for you.
Read More →Quick tips for getting started on your home purchase
Supreme Lending Mortgage Company
Contact: 334-714-8958 or angie.mckinney@supremelending.com
Buying a home can be a complex process, but it doesn’t have to be. With a little preparation, you can save a lot of time and hassle by having all of your documents ready when your mortgage professional needs them. Here’s a list of things you will need to have on hand.
Read More →7 tips for improving your credit
Originally published on February 25, 2010
Here’s how to clean up your credit so you get the least-expensive home loan possible.
Read More →As of October 4, 2010, there was yet another change made that affects FHA loans. The minimum credit score was raised from 620 to 640. This will affect potential buyers that had marginal scores before these changes took place. Now it is definitely important to review your credit report and obtain pre-approval before getting too deep into your home search.
Read More →Lenders use credit scores as a measure of creditworthiness when deciding to approve a mortgage loan. Read more to find out what factors affect your score.
Read More →A credit report shows a loan applicant’s history of payments made on previous debts and it is used by lenders as one measure of the risk of giving a loan, as well as the borrower’s likelihood to repay it.
Read More →
