Credit Report Tips-Updated

Checking mortgage rates online

This is a fact of life when it comes to obtaining a loan; the better your credit the lower your interest rate (up to a point). Some people work really hard at keeping a high credit score and others don’t pay much attention to their credit report unless they’re applying for a credit card or a new home loan. Did … Read more

Rapid Rescore

raise your credit score

You’re credit history and more importantly your credit score is one of three main factors in mortgage underwriting (the other two being home value and personal income). That’s why it’s important to make sure your credit history and credit score accurately reflect your current situation. You would be surprised to hear the number of times someone applies for a mortgage … Read more

Why Is My Credit Score Lower?

Credit Score

Many homeowners ask why is my credit score lower when the bank pulled it and here is the simple answer: The main reason why your credit score is lower is because the credit score your mortgage lender obtains is based on a different “algorithm” than the algorithm consumer credit monitoring sites use for their credit scoring models. In fact the three credit … Read more