Posts

What’s a Good Credit Score?

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.

Are You Thinking About Buying Your Dream Home?

Before you think about buying your dream home, check out this article from Business Insider.

Motivational Monday – Courage to Continue

 

How Can Smart with Debt Help You?

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:

  • What the heck a credit score is.
  • How your age affects your credit.
  • Why bad credit will cost you more—a lot more—by the time you reach retirement.
  • How to manage your credit cards.
  • How the mortgage approval process works and how to get approved despite poor credit.
  • The myths and truths about credit.
  • How to deal with pesky collectors.
  • How to avoid common credit traps.
  • How to keep your credit and enjoy life more!

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.

Friday Funny – Too Afraid to Ask

Your Mortgage Credit Coach Meme 1