Mortgages are often the most significant debts you can take on in your life. And because it deals with an incredible amount of money, lenders will need to scrutinize your financial background even more than usual before you are granted…
Traditional loans or conventional loans usually require you to have a FICO Score in the Good range. When we say Good, this means a credit score that is at least 670. By definition, credit scores below this number can already…
Technically, whatever your credit score, you can always find a way to buy a house. Many people may not be aware of this, but if you know someone who is already having trouble paying their home loan, you can ask…
Manufactured, mobile, or modular housing carry a stigma related to poverty and lower-income households in American society. But for many Americans, living in a mobile home park is a choice due to its affordability. You can get the same sense…
You don't need to have an exceptional FICO Score or a credit score in the 800s to qualify for a mortgage. While still challenging, it is possible to buy a house even with credit scores as low as 500 due…
It's a real shame financial literacy is not taught in a lot of American schools. In a 2019 survey, the National Foundation for Credit Counseling found that one out of every two Americans who tried to purchase houses encountered setbacks.…
Applying for a mortgage sounds like the most hassling part of the homebuying process. You have to get your credit report, find out your credit score, and then you need to pass all of these documents to lenders. And that's…
The mortgage industry plays a big part in keeping the national economy healthy. In addition, because mortgages make homeownership more accessible for the average person, more people can achieve their American Dream. Whenever someone purchases a house, this has a…
Choosing the right kind of mortgage for your new house does not end at knowing the best type of home loan. The mortgage market is vast, and the number of lenders you can borrow from can work to your advantage.…