#mortgage credit score

[brianwilder]

How to Determine the Credit Score You Need to Purchase Your Dream Home

When considering buying a home, your credit score plays a crucial role in the process. It's essentially your financial report card, used by lenders to determine your eligibility and the best home loan options for you. According to the Mortgage Report:

"Good credit scores communicate to lenders that you have a track record for properly managing your debts. For this reason, the higher your score, the better your chances of qualifying for a mortgage."

The problem is that many buyers overestimate the minimum credit score needed to purchase a home. A report from Fannie Mae reveals that only 32% of consumers accurately understand lender requirements, meaning nearly two-thirds are unsure.

To give you a general idea, Experian says:

“The minimum credit score needed to buy a house can range from 500 to 700, but will ultimately depend on the type of mortgage loan you're applying for and your lender. Most lenders require a minimum credit score of 620 to buy a house with a conventional mortgage.”

Basically, it varies. Even if your credit isn't perfect, there are still options available. FICO explains:

“While many lenders use credit scores like FICO Scores to help them make lending decisions, each lender has its own strategy, including the level of risk it finds acceptable. There is no single “cutoff score” used by all lenders, and there are many additional factors that lenders may use . . .”

And if your credit score needs a little TLC, don’t worry—Experian says there are some easy steps you can take to give it a boost, including:

Read more

[intelligentchristianlady]

"...the proposed rule...would reduce the number of people in the U.S. with medical debt listed on their credit reports to zero, down from 46 million in 2020." [emphasis added]

[voxfin]

We’ll explore the challenges faced by individuals with bad credit scores in Australia and how expert home loan mortgage brokers at VOXFIN can assist them in achieving their dream of homeownership.

[surprisebitch]

milestone today ☺️ i got approved for a mortgage and line of credit

[gcamortgagesblog]

For people wanting to own a house in country places, the USDA Home Loan program is like an awesome chance that only opens for them. It helps such folks reach their dream of becoming homeowners. This blog focuses on key aspects, benefits, and requirements for securing a USDA home loan, aiding home buyers in rural or small areas.

[orcelito]

Keeping a credit card and just using it to pay for all my daily expenses really is The Hack to building a good credit score. Like I'm literally just using it as a delayed spending of money I have. I'm "borrowing" money but from my end of it, it's just an extra step of paying for shit

And yet somehow. I have managed to increase my credit score by nearly 40 points over the past 4 months.

Which is CRAZY btw and shows how much money I've been spending (whoops....for life insurance...) but like. Also. Wild. It truly is wild.

[ellcrys]

finally opened a high yields savings account 😭

this has been on my fucking todo for 6 months 😭

[thoughtsofthegirlwiththecurl]

MOHELA is such a shitty loan servicer jesus fucking christ. The messages they send are incomprehensible, their website UI looks like it was made in 2003, and they are always, always, always too overwhelmed to deal with anything in a timely manner. Like, what the fuck kind of pitch did they make to allow them to take over all our federal student loans? Betsy chose them, didn't she? Probably precisely because she knew they'd fuck things up spectacularly.

[teron1-blog]

DO YOU NEED A PERSONAL LOAN, A BUSINESS LOAN, A STUDENT LOAN OR A HOME LOAN? WE CAN HELP YOU!

We can help connect you to lenders that offer loans that may work for you. Our lender network includes state and Tribal lenders. Tribal lenders’ rates and fees may be higher than state-licensed lenders, and are subject to federal and tribal laws, not state laws. Your credit history may impact whether a lender offers you a loan and the terms of your loan, but some lenders in our network may offer loans to borrowers with all types of credit. CLICK THIS LINK TO ACCESS QUICK LOANS NOW!

[jakeperalta]

i’m actually terrified of getting a credit card because my parents had like 30 of them and then when they divorced my mom had to file for bankruptcy. i hate that i apparently will have to get one some time. i really don’t want one or deal with credit card bills

oof yeah financey stuff stresses me out too, I hate that just using a debit card and never spending more money than you have is somehow like a negative for your financial status why are credit cards supposed to be a necessity and not just a thing you might choose to opt into if you want

[knacknews]

Everything You Need To Know About Home Mortgages

TIP! Start the process of taking out a mortgage way ahead of time. Get your budget completed and your financial documents in hand. From first time buyers to those who have done it before, a good mortgage is still a must. Without the right mortgage you may pay more than you have to, or even face losing your home to foreclosure. Keep reading for some useful tips on how to find a good mortgage. TIP!…

[bearballing]

another fucking landlord is kicking my sister and her family out Just Because. i hope all landlords fucking die.

[figonas]

Raise your hand if you’ve ever been personally victimized by the pool boy at the vampire mansion ✋🏼

[credrepsandiego]

Credit Repair of San Diego

Good credit opens many doors. Credit to start a company or rent a new property depends on your credit score. Credit Repair of San Diego's credit monitoring services help you monitor your credit report. Free annual credit reports are nice, but they're not great for managing money.

Correct credit report errors and monitor changes. Our professional credit counselors have helped thousands of people improve their credit scores. San Diego Credit Repair's credit monitoring services will help you.

Credit Repair of San Diego has a team of credit repair and rehabilitation experts who help customers remove negative information from their credit reports. Each member will be assigned a credit specialist to examine their credit scores, credit habits, and identity theft concerns.

[desperatepleasures]

this is a blatant humblebrag BUT the fact that I have a credit score over 800 is honestly proof that credit scores are bullshit

[gcamortgagesblog]

Jumbo Mortgages

Jumbo Mortgages are a type of home loan used to finance high-value real estate properties that exceed the loan limits set by government-sponsored enterprises.These loans are designed for purchasing or refinancing upscale homes in areas with high property values. Jumbo mortgages are a financing option for individuals looking to purchase high-value homes, but they come with stricter requirements and potentially higher costs. Borrowers should carefully evaluate their financial situation and work with experienced mortgage professionals to find the best jumbo mortgage lender and terms that suit their specific needs.