Credit Scores

Dated: 11/13/2019

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When you apply for a mortgage, the lender will run your credit and determine what your credit score is. 

Credit scores can range between a low of 350 and a high of 850. Your credit score is a factor that will be considered by the lender when they look at your loan application. If you have low credit, a plan can be established to help you improve your score over time. It does not mean you can’t qualify for a mortgage, there are lots of mortgage programs available. While you may not get the interest rate you had hoped for, once you begin making payments on time, your credit will improve and you may be able to refinance at a lower rate as soon as the opportunity arises. 

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Sharon Lucido

Both my Dad and my Father-in-law were Real Estate Brokers. From watching them, I learned that real estate is not just about buying and selling, it's an emotional process that should be handled with ho....

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Credit Scores

When you apply for a mortgage, the lender will run your credit and determine what your credit score is. Credit scores can range between a low of 350 and a high of 850. Your credit score is a

Read More