In an ideal world, living debt-free is the norm. But in the real world driven by credit, you need to have a paper trail of payments, called credit history, to back your mortgage for your first home purchase. This credit history forms the basis of the three-digit credit scores used by the lenders to Read more
What is Worse – No Credit or Bad Credit?
Your credit determines your ability to get a mortgage more than any other qualifying factors. If you have bad credit, many lenders will turn you down. If you have no credit, you could also get turned down. So which is worse – no credit or bad credit?The truth of the matter is that they are both Read more
How to Prepare for an FHA Loan with a Bad Credit History
If you have finally straightened your credit history out and are ready to apply for an FHA loan, your hard work is not over yet. Any lender, whether it is for FHA financing or another type of financing, will not just look at your credit score; they will look at your credit history as well.In Read more
