How did your state do?
Do you meet or exceed the average credit score in your state? Find out here!
Do you meet or exceed the average credit score in your state? Find out here!
Do you know what the mortgage approval process looks like? Well, here’s a snapshot:
The mortgage approval process is determined by three main factors:
The higher each factor is, the easier it is to get a loan. Why? Because there’s little to no risk for a mortgage company. You’ve proven you’re financially stable.
What if one of these three factors aren’t good? Well, you need to find a way to balance things out.
To learn more credit strategies, and how you can get a mortgage when the bank says no, go to smartwithdebt.com.
Credit has mattered for many years, but now it matters more than ever. Find out why with this article from CSR!
What does a good, solid, lender-friendly credit score look like?
In the mortgage industry, lenders like to see scores above 760. Anything under 660 could get a Simon Cowell-like rejection. Okay, maybe not that harsh, but still. You’ll risk hearing “No” more than “Yes” if your credit score is too low.
Do you know what your credit score is? To find out for free, go to AnnualCreditReport.com. You can also pay to get your FICO scores by going to MyFico.com.
To learn more about credit, and how you can get a mortgage when the bank says no, go to smartwithdebt.com.
As Smart with Debt team, we want to cheer you on, and train you to avoid heartbreak during the homebuying process. Our goal is to teach you:
Essentially, we want to show you how to live the life you’ve always dreamed of.
To learn more about credit, and how you can get a mortgage when the bank says no, go to smartwithdebt.com.
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