Category Archives: Credit
Co-signing a Loan or a Joint Mortgage: Which is Which
What is the difference between Co-signing a loan or being a joint applicant? Co-signing a loan A home is one of the largest purchases you and your spouse will make during your lifetimes. As a result, its ownership is going to have important implications for the time to come. When embarking on this journey,Minimum FHA Credit Scores Fall
Minimum Qualifying Credit Scores Has Dropped on FHA Transactions Credit Scores You may know that a couple of years ago FHA and HUD implemented new insured mortgage lending standards. These standards improve the minimum qualification requirements for the benefit of borrowers. These new standards stipulate: The MID FICO score of 580 or higher can qualify youMortgage after Bankruptcy: Options & Possibilities
Buying a House after Bankruptcy? Is It Possible? Mortgage After Bankruptcy The good news is that you can buy a house even after filing for bankruptcy. In some cases immediately after dismissal. Except that comes with higher rates. As you probably know there are 4 main types of bankruptcy cases and is important to distinguishAssumable Mortgage – 7 Things to Know
How to Get an Assumable Mortgage? Assumable Mortgage It will be nice to purchase a house or any other piece of real estate via a cash. Yet most of the time when acquiring a house you need a form of financing. Typically as a potential buyer, you go to a bank and take out a- 1
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