raise credit score: New Mortgage Hope For Low Credit Scores
- 04/11/14 08:47 PM
Many people are struggling to raise their FICO score to meet mortgage qualifications. A forgotten payment, high balances, a prior foreclosure, short sale or bankruptcy can wreck havoc with your score. Banks have been unforgiving about past transgressions. Qualifying for a mortgage has been pretty tough the last couple of years. FHA allows borrowers to have a credit score of 580 or above. The banks are the ones who have been more stringent and unyielding. Most banks have not considered folks for a mortgage if their score is less than 620. It's a struggle to repair credit and get scores moving … (0 comments)
Many people are struggling to raise their FICO score to meet mortgage qualifications. A forgotten payment, high balances, a prior foreclosure, short sale or bankruptcy can wreck havoc with your score.
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