When shopping for a home, good credit is important to obtain the best interest rates and terms. Here are some tips on what not to do and what you should do. DO stay current on your existing accounts – Just one 30-day notice for a late payment could cost you. DO use your credit as [...]
What is my FICO score and why is it important? For many people, the first time they will have to deal with their FICO score is when they are applying for a home loan. Most lenders who participate in the FNMA (Fannie Mae) loan program will require a FICO score of at least 620. While [...]
If your credit score is a little banged up, the loan interest rates you’re offered can be very different from what you see advertised.