Owning a home is the American dream, but many first-time homebuyers don’t realize how important their credit report and score are to the lender evaluating their mortgage loan application. Like it or not, your three-digit credit score is your financial “report card” and it shows lenders just how trustworthy you are when it comes to managing your … [Read more...]
Your Credit Score and Buying a Home
Why Credit Scores Matter
Your credit score is important because it provides a picture of your past payment history, which can be used to determine your future payment behavior. You already know that banks, credit unions, mortgage, and credit card companies all look at your credit report and score to help determine if you are a good lending risk. Generally, if your score … [Read more...]
Stop Chasing after Lower Rates
We all know that cars are expensive. In 2016, the average cost of a new car or light truck was approximately $34,000, primarily because autos are loaded with helpful but expensive safety features. As a result, used autos are growing in popularity because they averaged $18,600. With auto expenses growing, families are feeling the pinch and many are … [Read more...]