Busting Credit Score Myths to Buy a Home During COVID-19

The virus has thrown up a lot of financial roadblocks for people that were making serious progress towards buying a home this year. Make no mistake about it, your credit score does make a difference in being able to qualify for a bank-based mortgage. Although it is possible (but difficult) to find private mortgages with

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How to improve your credit rating as fast as possible

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

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Tips for Improving Your Credit Score to Buy a Home

Improving your credit score can be a complex subject based on your individual situation (but not always). Fortunately, there are many resources available to help you. Making a few relatively small improvements will make a huge difference in both how much house you can afford and how much you’ll pay in interest payments. It makes

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Here’s why you really need to shop around for a mortgage

The typical home buyer spends more than four months shopping for the perfect place. They tour an average of more than four homes, attend two open houses and make two offers. That’s not to mention the hours spent browsing online listings. But most buyers still don’t shop around for the best mortgage rate. And buyers

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Signs Credit Card Debt is Getting Out of Hand

OK, so your ends are still meeting, but just barely. You’re praying nothing entailing a large expense happens because you don’t know how you’ll handle it. The credit cards that seemed like a good idea way back when now have significant outstanding balances and you’re questioning whether or not they really were a smart choice.

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Effective Ways to Increase Your Chances of Getting a Mortgage

Becoming a homeowner is a milestone in the life of any adult. Making the jump from renting to owning represents an important step on the road to financial security, and for most people, a home is the investment of a lifetime. However, before receiving the keys to your first house, you’ll need to be approved

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Ask Brian: Am I Ready to Be a Homeowner?

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to [email protected] Question from Luke of Goldsboro, NC: Hi Brian, My wife and I have been married seven years and are in our early

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High credit scores no longer necessary for the best rates, study finds

Experts say that home buyers don’t necessarily need an 800+ FICO score in order to be guaranteed the best rates on their mortgage. These days, some buyers in the 700 FICO score range can also secure the most attractive rates, according to a new analysis of one million loan offers by Lending Tree that was

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Ask Brian: What Do I Need to Know About Credit Scores?

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to [email protected] Credit score questions are the most commonly asked. Here I answer a couple of the most frequently asked. Question. John from Green

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What Makes Credit Card Debt Particularly Dangerous?

All debt is not created equally. At first glance, two consumers with the same amount of debt might seem like they’re in the same financial boat. But this is like comparing apples to oranges; $25,000 in student debt is by no means the same as $25,000 in credit card debt. Credit card debt is a

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