The more you understand your credit, the better you will be able to navigate the tricky field of mortgages. It is important that you understand your credit as well as your credit scores. There is more than one type of mortgage. Your credit score will dictate what programs you will be eligible for. Typically the higher your fico score is, the better interest rate you will get.
Different Types of Mortgage Programs For First Time Home Buyers.
- Locking the best mortgage interest rate
- First Time Home Buyer Programs
- Down Payment Assistance or DPA
- HomePath Mortgage Program
- FHA loans, great for first time home buyers and buyers with low credit scores
Most Consumers Want to Know the Following about Credit Scores
- How to improve your fico score
- What factors impact your credit score
- How to recover from bankruptcy or foreclosure
- Credit Restoration
For more information about credit scores talk to your mortgage professional.
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Posted in Consumer Information
Having collection accounts on your credit report will impact your credit score dramatically. It is not uncommon for unpaid collections to impact your credit score 100 points or more.
Will A Collection Agency Take Payments? Continue Reading »
Tags: can i make payments to a collection agency, can i negotiate with a creditor, credit, credit report, credit score, credit score tips, help improve my credit score, how to improve your credit score, improve credit, improve credit score, payments to a creditor, remove negative items from my credit report, will a collection agency accept payments
Posted in Debt Settlement Articles
What happens to my fico score if I cancel my credit card? canceling a credit card does not eliminate your responsibility to repay the debt. What it can potentially do is to lower your credit score. A percentage of your credit score is determined by your credit history. When you cancel a credit card, your credit history goes with it. Canceling a bunch of credit cards and moving the debt to another credit card will hurt your credit score in most cases. Continue Reading »
Tags: credit, credit report, credit score, equifax, experian, fico score, fix my credit, how is my credit score calculated, is canceling a credit card bad, max out a credit card, my credit cards are maxed, should i cancel my credit cards, transunion, tri merge, tri merge credit report, what is bad for my credit score
Posted in Credit Card Articles
Debt Consolidation vs. CCCS what you need to know
You have probably seen the TV commercials promising hope for those who are overwhelmed by their debts. CCCS or Consumer Credit Counseling services offer what seems to be the golden pathway to getting yourself out of financial trouble. It used to be that one of the debt consolidation companies in the industry was Ameridebt. This is the company that most people think of. They are not longer in existence any longer. Continue Reading »
Tags: credit counseling, credit report, credit tips, debt consoladation, debt consolidation, debt free, debt management, debt reduction, improve credit score
Posted in Consumer Credit Counseling
