Freddie Mac says it wants to help make renters more creditworthy and it’s putting its words into action with a new program that allows their rental payments to make a difference. Under the new scheme, owners or managers of multifamily properties will be able to report on-time rental payments to credit bureaus, in a move
How to improve your credit rating as fast as possible
February 27, 2020 by
Most homebuyers are aware that the higher their credit score is, the more chance they have of obtaining a lower mortgage rate on their home. But maintaining a high credit score isn’t easy, as a single missed payment can quickly cause it to come tumbling down. “Depending on your credit history, a 15- or 20-point
Report: Lenders snubbing low-end borrowers
May 15, 2019 by
People in the low- and middle-income bracket are increasingly struggling to obtain smaller mortgages, according to a report in the Wall Street Journal. The report says that “low-end borrowers” are seeing their mortgage applications denied at higher rates than those who apply for bigger loans, even though many of those borrowers have a similar credit
Does A Short Sale Stop You From Getting A New Home Loan?
September 27, 2012 by
What is a short sale? Very simply, a short sale is when a mortgage lender agrees to accept less than the total amount of money they are owed on a piece of property in order to facilitate the sale of that property. This is done when the owners
How Long Till Foreclosure Victims Can Buy Again?
February 27, 2012 by
With the unprecedented housing crisis over the last six years resulting in more than four million homes lost to foreclosure, many of these homeowners are now beginning to wonder: When will they be able to buy again?
