Tag Archives: Credit Rating

Refi’d Mortgage for debt consolidation – No one paid off creditors ?

Leea asked: When I refinanced my mortgage in May 07 the mortgage broker included 5405.01 in payments allocated to credit collections on my HUD statement. His broker fees were around 6900. I explained that the bulk of the CC collections … Continue reading

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2nd Mortgage after Bankruptcy: How to Qualify for a Competitive Home Equity Loan

Louie Latour asked: Taking out a second mortgage after a bankruptcy can help you reestablish your credit. Because your home is used as collateral, you will have a much easier time qualifying for decent interest rates when you have bad … Continue reading

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Do You Qualify for a Home Equity Loan?

Carrie Reeder asked: When you apply for a home equity loan, lenders consider your creditworthiness when deciding whether or not to extend a loan. Your creditworthiness is assessed based on three things: credit history, income, and loan-to-value ratio.Credit HistoryAs with … Continue reading

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How Your Credit (FICO) Score Affects Home Mortgage Loans

Bryn Andrews asked: What Is FICO?One of the finance options you have for buying a home is through home mortgage loans. There are many companies offering you home mortgage loans where different companies have different terms and policies to be … Continue reading

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mortgage gimmicks?

P. M asked: We have a lot of equity in our home, a credit rating of 661 and wanted to borrow $25k for improvements, NASB -(816)765-2200, says, “we don’t like your credit score”. One other loaner (Quicken)(734)805-5000, says,” there are … Continue reading

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