Many of our clients are hyper focused on their credit report and their credit scores because they want to buy a home in NC, and they need to get their scores to the point where that dream of owning a home becomes a REALITY! A credit report is just a complete accounting of your credit […]
For instance the “Free Credit Score.com” jingle that folks listen to, and then PAY for doesn’t have a matrix that is anywhere close to the “Mortgage” matrix we must use to score you! We’ve seen many people who thought their credit score was “up” to 640 – when we pulled it and found that the score was actually 618, the customer thought we were crazy! We weren’t… there’s just a difference between a Mortgage Report Score, A Medical Credit Score, and a Retail Credit Score.
As mortgage lenders, our job is to talk to folks who are interested and ready to buy a home in NC. We work with folks all over the state, and many of them have some work to do to get their credit scores up higher. These are the 5 Top Credit Score Killers that we […]
Your goal needs to be a credit score of 800 or more! I heard from someone in Charlotte this week who was laid off last year. Her score is in the high 500’s… not close to her goal! Fortunately, there’s a new program from FHA that might help the lady in Charlotte. If you were […]
We saw this recently, and thought it was an accurate depiction of the fact that scores under 720 hurt you in the pocketbook these days! How Much Does Bad Credit Cost You? Thousands upon thousands of dollars each year! To create your mortgage credit score, the credit scoring system analyzes various elements of your current credit situation, […]
Is your Credit Score picture lookin’ kinda bleak?? Relax – if we work together for the next 6 months – we can get you in a much better position! No matter what your credit picture – 6 months of work will general improve your scores by 100 to 150 points. Here are 4 things to do […]
When you are trying to increase your credit score – TIME is a big factor.
How long has it been since you missed a payment. For Car Loans and Mortgage Loans – that number MUST be 12. Meaning you have NO LATE PAYMENTS in the last 12 months.
Depending on where you are in your life, you might be ready to improve your credit scores. Many people in America are realizing that great scores are made over time – just like healthy living, it’s the “conscience” decisions we make that are so very important. We see 7 things everyone should be aware of […]
Medical Collection Boo-Boo’s are usually the hardest things to remove from a credit report, even though the Fair Credit Reporting Act does have pretty strong language about them. Fortunately, Medical Collections and FHA Mortgages can be easier to resolve than you might think! The final rule of HIPAA (the Health Insurance Portability and Accountability Act) […]
If you are considering a mortgage in NC, then you probably need to know more about Mortgage Credit Scores, and the minimum credit scores needed to qualify for a mortgage in NC. We counsel folks about this all the time, and we’ve found that what kind of credit cards you use, the balance on those […]