A strong credit score is one of the most critical factors when applying for a mortgage. It not only determines your eligibility but also impacts the[…]
What Goes into a Credit Score?
Your credit score is made up of five factors that creditors look at to determine your level of risk. Each element has a[…]
Right around now, nearly half of Americans are sitting with some holiday-related credit card debt.
Mortgage lenders base quite a bit on a borrower’s employment and income information to determine their ability to pay back a loan.
During the loan application process, you may discuss your debt-to-income ratio and how it impacts your ability to qualify for a loan.
You may be wondering how important credit utilization rate is in determining your credit score. The short answer? Very.
