0
What else can I help you with?
What is the average expected credit score to receive a mortgage loan?
There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.
How will a short sale impact my credit score?
A short sale can have a negative impact on your credit score, as it indicates that you were unable to pay off your mortgage in full. This can result in a drop in your credit score, making it harder to qualify for loans or credit in the future.
Can someone get a pre-approved home loan with a credit score of 687?
In most cases yes...FHA, VA (if you qualify) and conventional loans should have no problem with that credit score...
How can you qualify for FHA loans?
In order to qualify for FHA loans your income needs to be in a certain requirements. Your credit score must be over 500. You also can only have 1 FHA loan at a time.
What should I do with a high credit score?
With a high credit score, you can qualify for better interest rates on loans and credit cards. It's important to continue managing your credit responsibly by paying bills on time and keeping your credit utilization low. Consider using your high credit score to apply for rewards credit cards or negotiate better terms on loans.
Are there any good websites that offer credit score advice?
Yes,www.Freecreditreport.com should be able to help you with all of your credit score questions. They wil be able to tell you what loans you may qualify for with your credit score.
What is the average expected credit score to receive a mortgage loan?
There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.
Is a credit score of 709 good?
This is an OK score. If you get the score up to 770 and higher, you'll qualify for lower interest rates on loans. Over 800 and your a near-zero credit risk.
How will a short sale impact my credit score?
A short sale can have a negative impact on your credit score, as it indicates that you were unable to pay off your mortgage in full. This can result in a drop in your credit score, making it harder to qualify for loans or credit in the future.
Can someone get a pre-approved home loan with a credit score of 687?
In most cases yes...FHA, VA (if you qualify) and conventional loans should have no problem with that credit score...
How can you qualify for FHA loans?
In order to qualify for FHA loans your income needs to be in a certain requirements. Your credit score must be over 500. You also can only have 1 FHA loan at a time.
What should I do with a high credit score?
With a high credit score, you can qualify for better interest rates on loans and credit cards. It's important to continue managing your credit responsibly by paying bills on time and keeping your credit utilization low. Consider using your high credit score to apply for rewards credit cards or negotiate better terms on loans.
What should I do with an 800 credit score?
With an 800 credit score, you have excellent credit. You can qualify for the best interest rates on loans and credit cards. To maintain your score, continue making on-time payments, keep your credit utilization low, and monitor your credit report regularly for any errors. Consider using your good credit to apply for rewards credit cards or loans with favorable terms.
How do you know you qualify for an FHA loan?
FHA loans are the principle loans that are used to purchase a new home. The most important factors that the banks use to qualify someone for these loans is their credit score and the amount of money available for a down payment.
How can debt collectors affect your credit score?
Debt collectors can affect your credit score by reporting delinquent accounts to credit bureaus, which can lower your credit score. This negative information can stay on your credit report for up to seven years, making it harder to qualify for loans or credit cards in the future.
Is 549 a bad credit score?
Yes, It will inhibit you from most credit cards and loans, you may qualify for some but will pay a very high interest rate.
How does a short sale affect your credit?
A short sale can negatively impact your credit score because it shows that you were unable to pay off your mortgage in full. This can result in a drop in your credit score, making it harder to qualify for loans or credit in the future.
