Understanding Your Credit
Lenders want to know two things about you: your ability to pay back the loan and your willingness to pay back the loan. For the first, the lender will look at your income-to-debt obligation ratio. For your willingness to pay back the loan, the lender will review your credit score and credit history.more >> The information in your credit report has a hugh impact on whether or not you qualify for a mortgage loan and what interest rate a lender will offer. Therefore, it's important your credit report reflect a positive image of the way you manage your money. If you're getting ready to buy a home or refinance your current residence, checking your credit report is the best way to ensure you get the loan and interest rate you deserve. more >>
In today's increasingly automated society, it should come as no surprise that when you apply for a mortgage, your ability to pay can be reduced to a single number. All the years you've been paying your mortgage, car payments, and credit cards bills can be analyzed, sliced, diced and mutilated into a single indicator of whether you're likely to meet your future obligations. more >>
It can be difficult and expensive to try and change your credit score when you're already in the loan process. I suggest you review your credit report with me before you purchase a home or before you decide to refinance. It's important you understand what your credit report says about you. Clear up any old issues. more >>
Credit report errors occur for a number of reasons but they can all have a negative impact on your eligibility for any future credit. It's important to stay on top of your credit report to avoid any mistakes made by your creditors and credit bureaus Equifax, Experian, and Transunion. more >>
Your credit report is a record of your credit activities. It lists all of your credit report accounts, loans, and mortgages; the balances as well as your payment history. It shows if any action has been taken against you because of unpaid bills such as a lawsuit or bankruptcy filling. It's important the information in your credit report be complete and accurate. more >>
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