People today are living and working longer than their predecessors. So, we have more options to access the savings and investments made over our lifetimes and more control over how we enjoy the money we’ve saved. But many of us forget that we’re sitting on our largest single investment: our homes. Lots of homes have … Read more
While credit score requirements vary based on loan type, lenders generally require a credit score of at least 620 to buy a house with a conventional mortgage. The minimum credit score needed to buy a house can range from 500 to 700, but will ultimately depend on the type of mortgage loan youre applying for … Read more
Building your dream home is an exciting journey. From choosing floor plans to picking out finishes, it’s a process full of anticipation. And in the Triangle, where there’s new construction at every turn, building a home may be one of the easiest ways to purchase today. But when it comes to financing the build, many … Read more
Closing a credit card might hurt your credit score because removing a portion of your available credit will cause your credit utilization, a key credit scoring factor, to rise. Heres what to know. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain … Read more
There’s a lot to think about when buying a home between getting funding for a down payment and closing costs, making the winning offer, and gathering documents to give the lender. It’s important not to overlook your credit score. Lenders look at your history to determine the likelihood you’ll be able to handle your payments. … Read more
A prospective home buyer with a limited credit history or past credit slip-ups can face difficulty finding a lender to obtain a mortgage. Lenders are frequently unwilling to take on the risk of approving borrowers who lack high FICO scores, which require the regular use of credit and a track record of on-time payments. Fortunately … Read more
Credit score ranges vary across creditors and score types. For base FICO® Scores, the credit score ranges are: There are many models used to calculate your credit score, but most of the ones published by FICO and VantageScore® have a score range of 300 to 850. A higher credit score indicates you are statistically less … Read more
A 609 letter is a tool that helps you request information about items on your credit report and address errors. Itâs named after Section 609 of the Fair Credit Reporting Act (FCRA), which allows consumers to access all data used to calculate their credit score. While 609 letters canât remove verified or accurate debts, they … Read more
Your credit score is one of the most important factors that lenders consider when deciding whether to approve you for a loan. It provides a snapshot of your creditworthiness and allows lenders to evaluate the risk of lending to you. If you have a credit score of 680, you may be wondering how much you … Read more
For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent. For credit scores that range from 300 to 850, a credit score in the mid to high 600s or above … Read more