This Article Is About Understanding Your Credit Report To Qualify For Mortgage Understanding your credit report is extremely important for not borrowers but for all consumers. A person’s credit report provides information to existing and potential creditors on the credit applicants payment history and patterns. An applicant’s past payment performance and history is a good indicator…
This ARTICLE On The Benefits Of The Fed Rate Cut For The Housing Market And Borrowers Was PUBLISHED On August 1st, 2019 Benefits Of The Fed Rate Cut: Federal Reserve Board Chairman Jerome Powell announced on Wednesday, July 31st, 2019 the Feds will be cutting interest rates by 0.25 basis points. The news of the Fed…
This guide covers how multiple credit inquiries affect the mortgage process for borrowers. The potential creditor will pull credit whenever consumers apply for credit, such as a credit card, auto loan, installment loan, payday loan, or mortgage loan. The result is that consumers will have credit inquiries on their credit reports. Consumers should at all…
Credit Guidelines in Mortgage Underwriting Process: Your 2024 Guide to Mortgage Approval Purchasing or refinancing a home is one of the biggest financial steps you’ll take. Whether you’re a first-time homebuyer or looking to refinance, understanding how credit guidelines impact the mortgage underwriting process can help you prepare. This guide includes everything you need about…
Mortgage Credit Scores: What Do Lenders Use to Qualify Borrowers in 2024? If you’re considering buying a home or refinancing, you’ve probably heard much about credit scores. But what exactly are mortgage credit scores, and how do they affect your ability to get approved for a loan? In this blog post, we’ll cover everything you…
This guide covers credit score to qualify for mortgage lending guidelines. It is not the end of the world for consumers with bad credit. Millions of Americans had a point in their lives where they lost their jobs, had unexpected medical emergencies. Others went through a divorce where their credit suffered. Unfortunately, credit can suffer…
This guide covers increasing credit scores before applying for a mortgage. Increasing credit scores before applying for a mortgage is important to get the lowest mortgage rates. The number one factor in determining mortgage rates by lenders is the borrower’s credit score. Other factors determine mortgage rates. But credit scores have the biggest impact. For borrowers…
This Article Is About How To Raise Credit Scores To Qualify For Mortgage How To Raise Credit Scores To Qualify For Mortgage? I get many inquiries everyday by home buyers who have decided to become homeowners and who were turned down by other lenders because they did not meet the minimum credit scores The question…
This guide covers understanding credit scores during the mortgage process. Many things in your life can be affected by your credit score and your credit history. Everything from buying a car to renting an apartment to looking for a new house to even dealing with an emergency will be impacted by how you’ve handled your…
In this blog, we will cover and discuss how to get mortgage approval with under 600 credit scores in 2022 and which mortgage options is best. Many homebuyers do their due diligence on FHA Guidelines On Credit Scores and find out HUD has the easiest lenient guidelines for mortgage approval with under 600 credit scores….
In this article, we will cover how to get mortgage with bad credit lenders with no overlays. Many borrowers have a hard time on how to get mortgage that they can qualify for. The government wants consumers to do mortgage shopping to get the best rates and terms. But many borrowers will not qualify for…
This guide will cover how a credit dispute on a derogatory credit tradeline can halt the mortgage process on FHA loans. Millions of Americans fell victim to the economic, real estate, and banking collapse of 2008. The Great Recession of 2008 devastated more families than any other in U.S. history. Dale Elenteny of Non-QM Mortgage…
In this article, we will cover how to improve your credit scores to qualify for mortgage. There are many ways how to improve your credit scores to qualify for mortgage. It is not too difficult and many times, just applying a few simple techniques can do wonders. The team at Non-QM Mortgage Lenders are experts…