Credit Requirements on Mortgages

Credit Requirements Loosening, Mortgages Becoming Easier to Obtain

Here are some Credit Requirements on Mortgages. Following the financial crisis, Americans are finding it simpler to secure a mortgage. As a result, more innovative loan products are emerging, as well as novel ways of utilizing current loan products. The source of the credit thaw's heat is a simple clarification. After the subprime mortgage ... More

Credit Scoring System Needs Improvement

Officials Agree: Credit Scoring System Needs Improvement

The Credit Scoring System Needs Improvement. The National Association of RealtorsĀ® (NAR) recently convened a group of industry executives. This was to examine credit scoring and how it may be improved. The committee, which included HUD Secretary Julian Castro, came to a shocking conclusion about credit score calculations. "We must adjust to ... More

Consumers Have Subprime Credit Scores

Report: Majority of Consumers Have Subprime Credit Scores

Even if the employment market is expanding at its strongest rate in 15 years, many individuals are still working to remove negative marks from their credit reports. According to a survey released Thursday by the Corporation for Enterprise Development (CFED), a nonprofit that lobbies for policy changes to aid low- and moderate-income ... More

Debt Traps and How to Avoid Them

7 Tips for Avoidable Debt Traps You Should Know

Debt Traps and How to Avoid Them. Debt isn't all created equal. While all forms of borrowing carry some risk, certain credit decisions are more likely to send you into a debt trap. These are referred to as debt traps. It's all too simple to get into a debt trap. It only takes a little lack in judgment. One example is opening a new credit ... More

pay attention to your credit

Pay Attention To Your Credit

Pay Attention To Your Credit. In order to qualify for a mortgage, you must understand the regulations governing your debt-to-income ratio (DTI). Since debt-to-income ratio is one of the most important elements in determining loan acceptance, this is the reason. For the finest mortgage lenders, there are a number of factors that go into ... More

Microchip Credit Card Technology

Microchip Credit Card Technology Not The Solution

Microchip Credit Card Technology Not the Solution. If you shop at Target (TGT) or Neiman Marcus, or eat at P.F. Changs, you've probably experienced the anguish of having your credit card information stolen. Those are only three of the most high-profile companies that have recently been the target of data breaches. While they work to re-prot... More


Credit Moves That Could Affect Your Mortgage

When getting a mortgage, credit can be a major concern, and there are a few key factors that could make or break your mortgage. While in approval stages, there are red flags that could have an impact on your mortgage. For instance, if your mortgage is in its final stages, it is not a good idea to apply for other credit, dispute a ... More

car insurance rates rise

Low Credit Score May Cause Car Insurance To Rise

Drivers may be paying higher auto insurance premiums based on their credit scores. A study by finds that there is a 65% difference in insurance costs between those with high credit scores and those with low credit scores. State law in California, Hawaii, and Massachusetts outlaws insurance providers from using credit score ... More