If you have a low credit score, you might think your chances to refinance your loan are out the window. Not so fast, there may be some options available to you, especially if you have a government-backed loan.Compare Offers from Several Mortgage Lenders.Even if you don’t have an FHA, VA, or Read more
What is the Fannie Mae Waiting Period After a Derogatory Event?
Recent derogatory events on your credit report increase your risk of defaulting on a loan in the future. This is especially true if you take out a new mortgage. Because of this, Fannie Mae has a specific waiting period you must go through before you can secure a conventional loan.Compare Offers Read more
The Top Credit Report Errors and How to Fix Them
Your credit report affects you in many areas of your life – not just when you want to apply for a new loan. It could affect your chances to get a job or even secure new services. Because of this, you need to keep a close eye on your credit report and take care of any credit report errors you Read more
Millennials aren’t the ones with the Most Debts and Worst Scores. Guess Who?
While Millennial homebuyers have been very vocal about their struggles in homeownership, it looks like this generation is doing better strides compared to an older generation when it comes to debts and credit scores.A new State of Credit report was released by Experian just recently. While the Read more
Five Common Refinancing Blunders and How to Avoid Them
When you think of refinancing, you automatically think of saving. It allows you to lower your current interest rate and reduce the loan term. Some refinancing options even allow some cash-out. The goal is to save more money.While this is true, it is not always that when you refinance you Read more
