In the old days of the mortgage business, Miami, FL borrowers were warned not to shop around too much for a mortgage because, with each credit score verification came a ding that actually helped reduced the overall credit score. Today, however, that concern is no longer valid – the credit bureaus have made it known [...]
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June 20, 2013
June 3, 2013
Borrowers with high credit scores get access to lower mortgage rates and can find the mortgage approval process to be more smooth than borrowers with low credit scores.
January 26, 2013
For home buyers, credit scores can affect mortgage rates and loan approvals. Pensacola, Florida borrowers and others all over the country who have higher credit scores achieve lower mortgage rates and are more prone to smoother loan approval process compared to people with a lower credit score. So if your credit score is not very [...]
August 13, 2012
Through the joint venture of FICO and CoreLogic, a new mortgage score is now unveiled. Unlike the traditional manner of using the consumer credit scores credit cards and car loans, to approve mortgages, more data is now taken into consideration. This new credit mortgage score will improve the quality of lending decision and increase lender’s number [...]
November 23, 2010
Shoppers should think twice about is the popular “Open A Charge Card, Save 20%” promotion. The short-term savings may be tempting, but the long-term costs may be huge.
November 2, 2010
Mortgage approvals are primarily based on good income, good equity and strong credit, and, without all three, the best rates of the day remain out of reach. Do something about your credit score.