Credit scores were created for the benefit of the lender, not the consumer. They tell the lender whether a loan applicant is trustworthy and reliable, or risky and irresponsible. But these scores can also be used by the consumer to better understand how lenders perceive them. Every consumer has a credit score, a specific number […]
VantageScore vs FICO: Differences, Methods, Ranges is a post from Pocket Your Dollars.
When people receive their tax returns, they are quick to spend this money on frivolous purchases that may bring them temporary joy. Even though people know there are ways to spend their tax return responsibly, the temptation to splurge on things they don’t need is too strong. Ultimately, you can spend your tax return on […]
The post Managing Your Tax Return (What You Should be Using it For) appeared first on Credit Absolute.
Getting started on rebuilding your credit may seem like a long task with little light at the end of the tunnel. But really, a few strategic steps can make a noticeable difference in your credit…
The post How to Rebuild Your Credit Fast appeared first on Crediful.
When buying a new home it is important to monitor your credit situation as credit scores from FICO or other agencies can have a big impact on what mortgage rate you receive.
The post How And Why To Check Your Credit Score If You Plan On Buying A House appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
Credit scores evaluate the likelihood that youâll repay a loan. They help lenders determine loan qualification, credit limits, and interest rates. The two most common credit-scoring models are FICO and VantageScore. FICO and VantageScore use relatively similar methods, but they…
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The post What Affects Your Credit Score? appeared first on MintLife Blog.
It’s time for another mortgage match-up, with the latest in the series pitting the lesser known “deed in lieu of foreclosure” vs. the more popular short sale. Nowadays, there are plenty of options to get rid of your home and avoid foreclosure, even if you owe more than the property is currently worth. By avoiding [&hellip
The post Deed in Lieu of Foreclosure vs. Short Sale first appeared on The Truth About Mortgage.
I received a letter in the mail the other day from a fintech company called âFigureâ that claims it can approve me for a home equity line of credit (HELOC) online in five minutes. Better yet, they can fund the thing in as little as five days, assuming Iâm able to use their remote online [&hellip
The post Figure Review: The Fastest Way to Tap Home Equity? first appeared on The Truth About Mortgage.
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac have launched a new payment deferral option in light of the unprecedented disruption caused by the coronavirus. The new workout option, known as âCOVID-19 payment deferral,â was specifically designed by Fannie Mae and Freddie Mac to help those affected by a [&hellip
The post Payment Deferral Will Be an Option to Repay Mortgage Forbearance first appeared on The Truth About Mortgage.
Now that you’ve invested in a home, how do you increase its value? That’s called “building equity.” Equity is the market value of your home or property, minus your outstanding mortgage debt. So, for example, if you can sell your home for $450,000 and you still owe $100,000, you have $350,000 in equity. Building equity […]
The post Smart Ways to Build Equity in Your New Home appeared first on Home Buyers Guide.