Credit Scores: Do they matter?

By
Mortgage and Lending with ClearPath Mortgage Solutions, Inc. NMLS #1394615 NMLS # 423279

Do Credit Scores matter when purchasing a home?

 

 

Posted by

    -Mortgage Consultant for Life

 

Mike Rankin, NMLS #423279
ClearPath Mortgage Solutions, Inc. NMLS #1394615
950 New Loudon Rd. Suite 231

Latham, NY 12110
Cell:  518-380-4726
Email: mike@clearpathmortgages.com

CONNECT WITH ME!

Mike Rankin does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comments (6)

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Mike:  Like your choice of words when describing the "ease" of lending.  Definitely points out that although possible, the lower credit score buyer will face a few more challenges when seeking financing.  Common sense approach.  Love it ...

Gene

Sep 09, 2014 06:15 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Mike - Credit scores do matter if borrower obtaining a mortgage in a real estate transaction.

Sep 09, 2014 07:55 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Mike. You are so right. It is so important to work with a knowledge loan officer like yourself. So often banks and credit unions will just not work with folks that don't have at least a 640 score. These folks won't be discouraged if they work with you.

Sep 09, 2014 07:43 PM
Mike Rankin
ClearPath Mortgage Solutions, Inc. NMLS #1394615 - Albany, NY
Mortgage Consultant

Gene Mundt - Thanks for the comment. I really do enjoy helping others raise their Credit Scores and helping them reach their goals!

 

John Pusa - You are 100% correct!

 

Joe Petrowsky - Thank you for the compliment!

Sep 10, 2014 09:43 AM
ReadySetLoan Condo Approval Team
ReadySetLoan Condo Team LLC - South Windsor, CT
The FHA/VA Condo Project Approval Specialists

HI Mike - I love the video.  You look so at ease in front of the camera!  This is great information for folks to know.  580 is all you need!

Sep 14, 2014 09:07 PM
Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836

Hi Mike, this is a very encouraging presentation for buyers who are afraid to check out their credit score. Loan Officers come in all sizes and packages; we have some great ones in Orlando. They are so helpful in encouraging young buyers first stepping out to purchase their first home and also, to those who may have experienced a rough financial ride in the recent years. Mike, any buyers who make contact with you are lucky. Have a great week.

Sep 23, 2014 08:03 AM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?