Category Archives: fico scores

What does it take to get a mortgage today? – Half Moon Bay Review : Community


What does it take to get a mortgage today? – Half Moon Bay Review : Community. Your debt to income ratio cannot exceed 45 percent. The higher your credit score, the lower the mortgage rate. A score of 740 or above will give the best rate; a 690 will work, but you will pay between […]
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Kentucky FHA HUD Back to Work Program for FHA Borrowers in Kentucky


Kentucky FHA HUD Back to Work Program for FHA Borrowers in Kentucky¬† ¬† ¬† What is¬†Back¬†to¬†Work? FHA¬†is¬†continuing¬†its¬†commitment¬†to¬†fully¬†evaluate¬†borrowers¬†who¬†have¬†experienced¬†periods¬†of¬†financial¬†difficulty¬†due to¬†extenuating¬†circumstances. Many¬†borrowers¬†experienced¬†periods¬†of¬†recession¬†related¬†financial¬†difficulty¬†and/or¬†credit¬†impairment¬†resulting¬†from unemployment¬†or¬†a¬†severe¬†reduction¬†in¬†income.¬†FHA¬†recognizes¬†the¬†hardships¬†faced¬†by¬†these¬†borrowers,¬†and¬†that their¬†credit¬†histories¬†may¬†not¬†fully¬†reflect¬†their¬†true¬†ability¬†or¬†propensity¬†to¬†repay¬†a¬†mortgage. ¬† For¬†Purchase¬†transactions¬†with¬†case¬†numbers¬†assigned¬†on¬†or¬†after¬†August¬†15,¬†2013¬† Are borrowers with a foreclosure, short sale, or bankruptcy eligible for Back to Work? The alternative guidance in Mortgagee Letter 2013-26 is effective for purchase applications with case numbers assigned on or […]
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Get Your Credit Answers: Get a copy of your free credit report


Get Your Credit Answers: Get a copy of your free credit report. via Get Your Credit Answers: Get a copy of your free credit report. Get Your Credit Answers Step 1: ¬† Get Your Free Credit Report in 2012 All consumers in the US¬†are entitled to receive one free credit report each year from each […]
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4 Ways You Might Be Hurting Your Credit Score (And What You Can Do About It)


4 Ways You Might Be Hurting Your Credit Score (And What You Can Do About It). by¬†NERDWALLET¬†on¬†MAY 9, 2013 This guest post comes from Michael Delgado, the Social Media Community Manager at Experian. He works to promote financial literacy on Experian social channels and ¬†writes for the Experian blog. He can be found on Twitter […]
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