Your credit score defines you financially. Establishing and maintaining good credit will make your life infinitely easier. To establish a good credit score you must make your payments on time and in full every month. You can also improve your credit score by minimizing your debt. Learn more here about your credit score and what it means for you.
Lenders Wary Of Low Credit Score
A low credit score can make borrowing money for a home loan difficult. One solution for borrowers with bad credit could be FHA loans and credit unions. But if you have a low credit score, you should be doing everything you can to improve it.
Signs Of A Turnaround?
Indymac Bank announced this afternoon that it is returning to the jumbo loan market. In other words, if you're in the market for a mortgage in excess ...
Deed In Lieu of Foreclosure Drops Credit Score
How does a deed in lieu of foreclosure affect someone's credit history and credit score? A foreclosure or a deed in lieu of a foreclosure are both considered highly negative for a credit score. Having a deed in lieu of foreclosure on a credit report will cause a credit score to fall and it may take up to seven years to drop off a credit report.
Identity Been Stolen? Here’s What To Do.
I've published this information before, but it's worth a refresher: ID Theft -- What to do if you're a victim Contact Experian, Equifax and Trans-Un...
No More 100 Percent Loans?
I was hosting my WSB radio talk show this morning (tune into www.thinkglink.com/radiio to listen or go to iTunes to download it next week) and was tak...
Deed In Lieu Of Foreclosure Will Hurt Credit Rating
What are your options when you can no longer afford your mortgage and you haven't been able to sell your home? You may think you're facing foreclosure and a deed in lieu of foreclosure may be an option. Either a foreclosure or deed in lieu of foreclosure will hurt your credit rating or credit score. Another option, instead of a deed in lieu of foreclosure, may be a short sale.
Insurance: Homeowners Should Shop Around For Best Insurance Deal
Homeowners should shop around for the best insurance deals. Often homeowners can get a great deal if you purchase all your insurance from the same company. Another way homeowners can get a better deal on insurance is by keeping a good credit score.
Credit Card Balance Hurts Mortgage Applicants
Should you pay off credit card bills before applying for a mortgage? Lenders are used to seeing credit card balances, and they can adjust for them. What happens is that the lender adds up how much you can afford to spend each month on your mortgage, interest and taxes. Having a zero balance on credit cards will help your chances for getting a good rate on a mortgage.