Credit Scores and Getting a Loan Lenders are in the business of loaning money, but they are picky about who gets it. They will pull your credit history and look at your credit score before offering you a loan. It’s only fair—they want as little risk...
Credit Scores and Marriage The “ties that bind” don’t combine your credit histories when you marry. Every person’s credit score is tied to his/her Social Security Number, so it doesn’t make a difference if you change your name. Your credit score also doesn’t change when you...
You are sick and tired of wasting your money by renting apartments and houses. You want to make your money finally work for you by buying a home, but you have one glaring problem – you have bad credit. You might think that means you can’t...
The Fair Credit Reporting Act (FCRA) regulates credit bureaus to ensure that all information they report is accurate. Of course, the FCRA can’t go in and monitor all of these reports. Instead, it encourages people to check their reports for inaccuracies. To make that easier,...
You don’t have much money saved for a down payment, but you want a home. These days, you have several options for no-down-payment loans. The United States Department of Agriculture (USDA) and U.S. Department of Veterans Affairs (VA) both offer no-down-payment loans, and the Navy...
You want to buy a home but, before you move forward, you need to make sure that everything is in order. That includes establishing a stable income. If you don’t have a stable income, you won’t find a lender to loan you the money. It’s...
Home ownership is about so much more than a monthly payment. You need to think about the additional expenses that home ownership entails before you can truly prepare for taking on this huge responsibility. Look at what you can expect to spend when you own...
Do you think you are finally ready to take the plunge and get a mortgage? Before you sign on the dotted line, you need to ask yourself a few questions. Your answers will let you know if you are ready or if you still have...