If youâre thinking of buying a home in the near future, youâve probably started reading up on a lot of the terms related to mortgages. Mortgages are a type of loan you can use to purchase a home. The bank or credit union purchases the house from the seller, and you pay that amount, plus
The post The Difference Between Pre-Qualified & Pre-Approved appeared first on MintLife Blog.
You should have a good credit score to enhance your chances of getting a mortgage, but there are plenty of ways to get approved â and even to keep your monthly payments and interest rates reasonable â with poor credit. Typically, a âbadâ credit score (by mortgage standards) is anything below a 580 or so.
The post How to Get a Mortgage with Bad Credit: 7 Ways appeared first on MintLife Blog.
You should have a good credit score to enhance your chances of getting a mortgage, but there are plenty of ways to get approved â and even to keep your monthly payments and interest rates reasonable â with poor credit. Typically, a âbadâ credit score (by mortgage standards) is anything below a 580 or so.
The post How to Get a Mortgage with Bad Credit: 7 Ways appeared first on MintLife Blog.
Mortgage Q&A: âWhat credit score do I need to get a mortgage?â If you’re thinking about purchasing a new home or refinancing an existing mortgage, you should know that your credit score is going to be a big factor. In fact, it can make or break your loan approval and carries the most weight when… Read More »What Credit Score Do You Need to Get a Mortgage? Learn the Key FICO Thresholds
The post What Credit Score Do You Need to Get a Mortgage? Learn the Key FICO Thresholds appeared first on The Truth About Mortgage.
From the Mint team: Mint may be compensated if you click on the links to our issuer partnersâ offers that appear in this article, including Chase. Our partners do not endorse, review or approve the content. Any links to Mint Partners were added after the creation of the posting. Mint Partners had no influence on
The post 8 Credit Cards For When You Have âJust Averageâ Credit appeared first on MintLife Blog.
I have a credit card I’d like to cancel, but I don’t know if I should. I’m afraid it’ll hurt my credit score. Today I’m going to walk you through in real time as I evaluate this decision. Then I’m going to explain how to cancel a credit card, no matter why you want to do so.
I normally don’t pay much attention to my credit score. I know that it ranges between 800 and 820, so I don’t worry about it. With a score like that, I’m considered to have “exceptional credit”, and that’s good enough for me. (Kim’s very proud that she has a higher credit score than I do, by the way.)
That said, for the past several years I’ve been carrying a credit card that I don’t want or need. It’s a Chase British Airways card that I signed up for in 2011. It’s a fine card, but I never use it because I have better ones. My primary credit card right now is the Chase Sapphire Reserve, which I use for 99% of my personal credit transactions.
Basically, I’m paying $75 per year — the British Airways card’s annual fee — for nothing…except to maintain my credit score. I don’t like it. I’d rather cancel the card and take a temporary hit to my credit. But is it bad to cancel a credit card? And if it’s bad, how bad is it?
I’ve decided to document the process! Let’s find out together.
Get your free weekly credit reports from all three credit bureaus through April 2022. Hereâs how.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Rate Shopping and Your Credit Score: Essential Information is a post from Pocket Your Dollars.
Your credit score affects your financial future, so itâs important to know where your score comes from and the different ways it can be calculated. Most important, you should know that the score youâre seeing may not be the score your lender is seeing. Why is this, and what can you do about it? Two […]
The post Differences Between VantageScore and FICO Credit Scores appeared first on SoFi.