Have you been wanting to purchase a home but are worried that your credit score is not perfect? Did you know that just 1.2% of Americans actually have a perfect credit score? Don't let a lack of perfect credit hold you back from buying your dream home!
There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. They couldn't be more wrong!
According to Experian, a FICO® Score of 670 or above is … (30 comments)
credit scores: Do You Need PERFECT Credit Or A Large Downpayment To Buy A Home?
- 07/12/15 06:19 AM
Do you need PERFECT credit or a large downpayment to buy a home? No, you don't. It's time to"debunk" the myths that you need perfect credit to buy a home and/or that you need a large downpayment to buy a home, as well as the myth that it's harder than ever to get approved for a home loan. Unfortunately, many prospective home buyers are sitting on the fence these days just when they should be buying while home prices are reasonable and interest rates still low, because they believe they need perfect credit and/or a large down payment and/or that getting … (12 comments)
credit scores: Huge Changes Coming To A Credit Bureau Near You: What You Need To Know
- 03/11/15 11:23 PM
"Huge Changes Coming to A Credit Bureau Near You" is the title of an article just written by Michelle Black of Hope4USA in the Charlotte/Fort Mill metro area, a credit repair company, which has done fabulous work for many local area residents in helping them repair their credit and qualify for mortgages. If you're giving any thought to buying a home and qualifying for a mortgage this is important news for you to know about.
As part of a settlement with the New York State Attorney General, who investigated the practices of the three major credit reporting agencies, Equifax, TransUnion, … (6 comments)
credit scores: 10 credit score truths and myths
- 01/20/14 08:02 PM
There are so many myths out there about how credit and credit scores work and unfortunately many people make poor credit decisions based on these myths. Check out the 10 credit score truths and myths in this article that I'm posting on my blog. It's an eye-opener and I bet everyone who reads it will find at least on item of the 10 on this list that they didn't know about or believed the wrong thing about! Your credit scores seriously impact your ability to get a mortgage and the rate charged on that mortgage. So if you're thinking about … (8 comments)
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