Home Partners of America and New Penn Financial have joined forces to offer renters the ability to get a mortgage with as little as their security deposit. The joint venture aims to alleviate one of the main obstacles to owning a home, the down payment. Itâs not the first time weâve seen this in recent [&hellip
The post New Program Allows Renters to Get a Mortgage with as Little as a Security Deposit first appeared on The Truth About Mortgage.
Timely payments are the most important factor of your credit score, accounting for a full 35% of your score. While mortgage payments, car loans, and credit cards are all reported in this section, a huge…
The post How to Build Your Credit History By Paying Rent appeared first on Crediful.
A new option that should be available by fall of this year will allow borrowers current on their mortgages to execute short refinances into FHA loans, assuming the original loan is not FHA-insured. In fact, the new loan must NOT be owned or guaranteed by the FHA, VA, or the USDA. So essentially only those [&hellip
The post FHA Short Refinance Option Coming Soon first appeared on The Truth About Mortgage.
These days, itâs not uncommon for individuals to open a bunch of credit cards in a short span of time to acquire lots of points and/or cash back. Those who do it on a serial basis are known as churners. They basically open and close credit cards constantly to take advantage of the benefits without [&hellip
The post Can Credit Card Churning Hurt Your Chances of Getting a Mortgage? first appeared on The Truth About Mortgage.
Whether youâre trying to buy a home or apply for a new job, your credit score impacts many different areas of your life. Your FICO credit score will range anywhere from 300 to 850 and…
The post Learn These 7 Credit Hacks to Improve Your Credit Score appeared first on Crediful.
Establishing credit is one of the first steps on your financial journey. Having credit allows you to secure a loan, get a credit card, rent property and more. This is why knowing how to establish credit is key to meeting...
The post How to Establish Credit: 7 Ways to Build Your Credit Score appeared first on MintLife Blog.
Your credit score is more than just a number. It represents how reliable a borrower you are and how well (or poorly) you manage your debt. Just like your SAT scores back in high school (which I prefer to never...
The post What Your Credit Score Says About You appeared first on MintLife Blog.
Ideal Credit Union, which has six locations scattered across Minnesota, is the latest mortgage company to offer a no down payment mortgage. But theirs is a little different than the rest. Instead of pitching the portfolio loan product to those who can barely afford a mortgage payment, they seem to be targeting prospective home buyers [&hellip
The post Ideal Credit Union Is Offering a Zero Down Mortgage with a Catch first appeared on The Truth About Mortgage.
Launched in 2006 by the three major credit bureaus Experian, Equifax and TransUnion, the VantageScore is a credit scoring model that was created as an alternative to the FICO score. Both credit scoring systems feature a three-digit number that financial...
The post What Affects My VantageScore? (Infographic) appeared first on MintLife Blog.