A mortgage can lower your credit score, but the exact amount depends on many factors. Managing your mortgage responsibly is key to keeping your credit score healthy. When it comes to mortgages,...
Tag: credit
How Significant is Your Credit Score in Determining Your Mortgage Rate?
Your credit score plays a major role in determining your mortgage rate - the higher your score, the lower your rate. When it comes to obtaining a mortgage, your credit score is an important factor....
Know Your Credit Score: Monitor Your Mortgage Progress and See When it Appears on Your Credit Report. Having a good credit score is essential for obtaining a mortgage and other types of loans. It is...
Using Your Credit Card After Mortgage Completion: What You Need to Know
Yes, you can - with a fresh start and the right financial plan, your credit card can be your key to success! When it comes to credit cards, it can be easy to fall into the trap of thinking that they...
How Poor Credit and Other Factors Can Disqualify You From Getting a Reverse Mortgage
You must be or older to qualify for a reverse mortgage - I'm not there yet! If you are not yet 62 years old, then you do not qualify for a reverse mortgage. A reverse mortgage is a loan that allows...
When a mortgage lender checks your credit, it's the first step to unlocking the door to your new home. Your credit score is one of the most important factors in determining whether or not you...