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credit score

There is a lot of misinformation going around about what the impact of a Short Sale is on your credit and whether you can get a new mortgage after short selling a home. Below are the current Guidelines for FHA, and Fannie Mae.
FHA has recently changed their rule so that if a short [...]

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Credit scoring models are a mystery that boggles the mind. There is no way to know exactly how specific changes to your credit report will impact your credit score. We do know the factors that go into calculating the score - 1) Your payment histories 2) Number of accounts [...]

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RealtyTimes covers a new resource that will help people with low credit scores obtain alternative credit scores based upon timely payments to landlords, utilities, cable companies and other recurring accounts not included in national credit bureau files.
This could help buyers obtain more favorable rates and terms.
Full article is here.
Written by Maureen Francis
Visit WebsiteSearch for homes [...]

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