Tag Archives: credit score

Turned Down for a Mortgage? What to Do if You are Declined – and How to Get Second Opinion

  If you have been declined for a mortgage, you may think that home ownership is out of reach. However, there are ways to turn a rejection into an approval and to find a more accessible loan. Here are just a few steps you can take to learn about your loan options and get the mortgage that works for you. Find Out Why The Mortgage Application Was Denied The first step to getting a second opinion is to find out why your mortgage application was denied. Banks commonly deny mortgages for reasons like a low credit score, a high debt-to-income ratio, or concerns about the applicant's past and present emplo ... Click to Continue

First-time Home Buyer? Don’t Miss These Tips to Ensure Your Mortgage Application is approved

Are you buying a home for the first time? Congratulations! Buying your own home is an excellent way to build your net worth while living in a space that you can renovate and truly make your own. If you're going to be taking out a mortgage to help pay for the up-front costs of your home, you'll want to get a head start on the approval process while you are working with your trusted Real Estate professional. With that in mind, below are four handy tips to ensure that your mortgage application is approved on your first try. Gather All Of The Necessary Information And Paperwork You're going to need as much fina ... Click to Continue

FICO Scores and Your Mortgage: How to Bump Your FICO Score to Secure a Better Mortgage Rate

Is your credit score holding you back from getting the best rate on your next mortgage? The good news is that there are actions that you can take to increase your FICO Score and improve the interest rate that are offered on your next home loan. Here are a few easy and effective tips to help you get your credit score to where you want it to be. Increase The Amount Of Credit Available To You The easiest way to increase your credit score is to increase your credit limit, as this reduces your utilization ratio. To do this, you can either apply for another credit card or ask a current credit card provider to incre ... Click to Continue