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mortgage loan: Getting a home mortgage loan with bad credit - 01/21/12 09:32 AM
Can you qualify for a home mortgage loan with bad credit? What’s Your Credit Score? Lenders rely heavily on credit scores as a major determining factor for getting a home mortgage loan. I hate to be so blunt, but lenders DO NOT give home loans to those with bad credit anymore. If you are denied by one lender, contacting 10 more probably won't result in success. What credit score do I need for a home loan? Generally speaking, in today's mortgage world, if your middle credit score is below 640, it is very unlikely that you will qualify for home loan
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mortgage loan: What does your credit score mean? - 12/28/11 11:14 AM
What does your credit score say about you? Everyday I am looking at credit reports, and making credit decisions. It amazes me sometimes the people who call and say they have good credit, when they don't. It also amazes me the people who have good credit, and fear they can't get a loan. So What’s Your FICO Credit Score? Every lending facility uses basic guidelines to determine your credit worthiness, including your FICO credit score. Upon reviewing your mortgage application, you’re given a credit grade and credit score and a determination regarding your home mortgage loan approval or denial. There are
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mortgage loan: Don't worry about someone pulling credit when shopping for a mortgage - 09/29/11 11:47 AM
Shopping for a mortgage loan? The average person DOESN'T need to worry about inquiries on your credit report We've all heard it before. Having someone pull your credit will reduce your credit score. Sadly, many people end up making some poor decisions based on half truths, and bad information. The fear of reduced credit scores with the occasional pull from a creditor is the most annoying, misleading, and misunderstood thing I hear every week in the mortgage business. If you are worried about "inquiries on your report", this isn't the concern most people think it is. What to know about
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Joseph Metzler MLO MMS NMLS # 274132
,
MN
More about me
Mortgages Unlimited, Inc
Address: 33 Wentworth Ave E #290, Saint Paul, MN, 55118
Office Phone: (651) 552-3681
Email Me
Mortgage industry news and insights from a 15+ year industry expert. Mortgage are Real Estate News You Can Use.
Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.
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