I will be shopping for a mortgage in a couple of months. I know that if too many lenders pull your credit it will lower your score.
But I heard that you can have your credit scores pulled as many times as needed in a 2 week period and it will only count as one hard pull.
Is this true?
Thanks!
Posted in Mortgage Tips
Tagged check, couple, credit, credit check, lenders, mortgage, score, shopping
My wife has a credit score of 650, and I have a 620. We are both working on improvement of those scores. She does not have a job, I am active duty military 7+ years. We want to buy a home that costs about 180k. Annual income is about 41k. Will we qualify? Will they combine our FICO scores or just use mine since I am the only one currently working?
What is the best type of loan to get. I know to try using the VALoan. But what is best? Interest only loans? etc.
Posted in Home Improvement
Tagged credit, credit score, duty, FICO, fico scores, Home, improvement, Income, job, question, score, wife
My parents want to sell their house and travel. I want to purchase the house from them. They will sell it to me for $80K and the house is valued at $250 +. I would like to get a mortgage of about $120 – 150 K so I can do some repairs / fix up to the house. What are the downfalls of doing this? and what penalties will there be for this type of sale? Your answers are appreciated.
Posted in Homes For Sale
Tagged buyer, FICO, fix, Home, house, mortgage, mortgage questions, parents, score, time, time home buyer, Travel, type
What is the best mortgage company to go through that does business in Texas when you have a 592 credit score?
Posted in Mortgage Tips
Tagged best mortgage company, business, Company, credit, credit score, mortgage, score, Texas