Credit Scores

Credit scores play a big part in the mortgage world. Learn how you can make the most of your score to expand your options and snag the best rate.

Short Sale vs. Foreclosure: What’s the Credit Score Impact?

Short Sale vs. Foreclosure: What’s the Credit Score Impact?
May 30, 2012 3 Comments »

Mortgage match-up: “Foreclosure vs. short sale on your credit report.” It’s been a while since I’ve come up with a mortgage match-up, but there’s been a lot of fuss about short sales and credit scores lately, so I wanted to ... Read More »

Barely Any Mortgages Offered to Home Buyers With Credit Scores Below 620

Barely Any Mortgages Offered to Home Buyers With Credit Scores Below 620
November 14, 2011 No Comments »

The National Association of Realtors recently noted that home purchase contract failures have doubled, with 18 percent of NAR members reporting fallout in recent months. Put simply, a contract failure is a cancellation related to a declined mortgage application, a ... Read More »

A Mediocre Credit Score Will Cost You Big on Your Mortgage

A Mediocre Credit Score Will Cost You Big on Your Mortgage
October 11, 2011 No Comments »

While there are a number of factors that determine what mortgage interest rate you’ll qualify for, assuming you can indeed qualify for a mortgage, perhaps the most important one is credit score. Why? Well, for one, a credit score can ... Read More »

Bill Aims to Eliminate Loan Mod Credit Score Hit

July 26, 2010 No Comments »

A bill introduced by California Congresswoman Jackie Speier earlier this month aims to protect the credit scores of homeowners who accept loan modifications. Currently, even on-time modified mortgage payments are treated as “delinquent” or “incomplete” by the banks and mortgage ... Read More »

Do Mortgage Inquiries Affect Credit Score?

Do Mortgage Inquiries Affect Credit Score?
October 2, 2009 No Comments »

Mortgage Q&A: “Do mortgage inquiries affect credit score?” When preparing to take out a mortgage, you may have concerns about your credit report being pulled numerous times within a short period of time. This can occur while shopping for that ... Read More »

Mortgage Crisis Hurting Americans Credit Scores

September 14, 2009 No Comments »

As expected, all the ongoing mortgage crisis is hitting Americans’ credit scores, according to credit scoring company VantageScore Solutions. The company, which competes with the ever-powerful creator of the Fico score, told the LA Times millions of consumers have seen ... Read More »