Tag: Credit Score

Posted on 09/04/2025
Considering Your Finances: Is Home Ownership the Best Choice?
Whether you’re planning on buying investment property or a new home, there are financial factors to consider. Knowing the details of your financial situation will help you make the best decision and help avoid unnecessary stress. If you’re trying to decide between renting and buying, here are some of the main financial things to go over: Savings Most...
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Posted on 05/29/2025
How to shop for mortgages
You’ve done your research, and you’re ready to purchase...
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Posted on 06/13/2024
Selling a house on short sale: What you should know
What does it mean to sell a house on short sale? A...
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Posted on 03/23/2023
Options to help you buy a house with bad credit
While getting approved for a mortgage does require a good...
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Posted on 09/10/2020
Mortgage Qualifications: FICO Score
Image by David Pereiras from Shutterstock Your FICO score is a key factor used to determine if you qualify for a mortgage. The Fair Isaac Corporation (FICO) is the creator of the most common credit score used by home loan providers. The algorithm used to create your score is a closely-guarded industry secret. But in general, it factors...
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Posted on 09/05/2019
The Importance of Balancing Your Debt to Credit Ratio
It's easy to get stuck without a mortgage approval or with a smaller home loan than you want, just because you don't understand how your credit score works. Most of the things you've done to prepare: budgeting your income, balancing your bank accounts and saving up for a down payment, aren't reflected in your FICO credit score. It...
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