credit score: Do you know how a soft or hard pull affects your credit?
- 08/03/23 09:04 AM
If you are buying a home, you need good credit, and many buyers have an idea of their credit score because of the offers from Credit Karma or their credit cards to give them their score. But many do not understand why when they apply for a loan their credit score is lower. I asked Rich Filipone of Prosperity Home Mortgage, LLC, NMLS:137129 this and some other questions related to soft and hard pulls of credit in this video. If you are looking for a home or thinking of selling a home in Chester County or on the Main Line contact Nick Vandekar … (13 comments)
credit score: Why is my credit score different?
- 02/09/23 07:08 AM
Let's dive in and get to the bottom of this. Why do I have so many different credit scores? When I open my credit card internet page, I can find a credit score. However, if I apply for a mortgage, they tell me I have a different score, why? There are many different models for calculating your credit score. The credit card supplies you most often with a score calculated by the Vanatage3 model. This is a more lax model than that used by the person pulling your credit for a mortgage which is often referred to as a FICO score. In fact, if … (10 comments)
credit score: 5 things that affect your credit score
- 02/23/21 11:14 AM
This week Shawn DeAngelo of Prosperity Home Mortgage and I discuss five things that affect your credit score and your ability to qualify for a mortgage and get a great rate at the same time. Check out the video of our conversation and don't despair if you have some negative events in your life, we discuss those as well and be aware you may still be able to qualify for a mortgage even after a bankruptcy.
For mortgage help contact Shawn DeAngelo of Prosperity Home Mortgage at 484-297-2192 or ShawnD@PHMLoans.com. Buying or selling on or around the Main Line, contact Nick Vandekar, Selling … (4 comments)
credit score: Do You Have Plans for the Weekend? Those Plans Should Include Checking Your Credit
- 06/11/19 04:39 AM
If you have ever wondered aboutbuilding a credit score read this! There are so many excellent articles on Active Rain to do with purchasing or selling a home. So many subjects get covered. One of my favourite writers is Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi who writes about mortgages and credit. His articles are so informative and useful regardless of where you live in the country. This one is well worth a read if you are trying to re-build credit or even establish credit in the first place. I sent this to a young man who recently asked me what steps he … (4 comments)
credit score: Main Line condominium buyers need help with your credit?
- 01/21/15 05:02 AM
Main Line condominium buyers need help with your credit? Condominiums are very popular with first time buyers on the Main Line because they generally have lower prices, maintenance is mainly covered under the condominium fee as often are many of the utility costs depending on the development. Whilst credit is slowly easing, and buyers can get loans with 3% down, one of the biggest challenges for Main Line first time condo buyers is a low credit score for one of many reasons. Credit scores used by the mortgage companies and banks are based on a FICO score, FICO refers to the Fair … (2 comments)
credit score: Getting ready to buy a home.
- 10/02/08 04:42 AM
Buying a home is one of the largest financial purchases many of us will make in our lives. Even during this present situation there are things you can be doing to prepare yourself to buy a home. Lenders at the moment, have tightened credit, and even if there is a rescue plan it is likely that some if not all of these lenders are going to working with much stricter guidelines. So you need to start doing several things to get ready.
America is a society that loves to spend money, but you need to use some restraint and start saving … (1 comments)
credit score: Buying a home; protect your credit score!
- 09/03/08 09:13 AM
We are seeing more and more buyers and sellers frustrated as mortgage companies refuse loans based on bad or even low credit. This devastates buyers who see their dream of buying a home and participating in the American Dream smashed. Sellers who have not asked if the buyer is qualified either through ignorance as a for sale by owner, or using an agent who is not experienced enough to ask for mortgage approval and financials are also affected as their home has been off the market and may have missed a qualified buyer in that time. This bad credit can be for … (0 comments)
If you are buying a home, you need good credit, and many buyers have an idea of their credit score because of the offers from Credit Karma or their credit cards to give them their score. But many do not understand why when they apply for a loan their credit score is lower.
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