Summary: Credit scores are important indicators of a loan applicant’s financial responsibility and capacity to meet fiscal obligations. Income, employment history, assets held, and a house that meets lender guidelines are also essential to a successful application. When an insurance…
A late or missed mortgage payment can affect your credit score. But you can get ahead of the problem by being proactive, utilizing payment reminder tools, and speaking with your lender.
Understanding your credit score is an important part of the mortgage application process since this factor plays a key role in your ability to secure a mortgage. You can find out what your credit score is by pulling a copy of your credit report. Read on to find out how to do this for free, and why you should.
If you need a mortgage to finance a home purchase in WA, CO, ID, or OR, you'll need to make sure that your financial and credit profile are healthy, and that includes having a decent credit score. This factor plays a key role in your ability to get approved for a mortgage, so you'll want to do what you can to keep it as high as possible. The question is, what are more specific ways that your credit score impacts your mortgage and chances of securing one? This article will explain.
Your credit score has a major impact on whether you will be approved for home financing and it helps determine the interest rate on your mortgage. Check out four websites that you can use to check your credit score for free. In this blog post we also cover how your credit score is evaluated, how to improve your score, and what is a good credit score to secure a mortgage.