If you’re considering purchasing a new home in metro Atlanta and will need a loan, it’s important to make sure you’re aware of your credit score and the factors that comprise it. One of the many important components that make up your credit score is your debt-to-credit ratio, also known as your credit utilization ratio. A debt-to-credit ratio is simply the[...]
The credit experts at the Equifax Finance blog explain how credit information make its way into a credit report in the recent article, “ How Do Credit Reporting Agencies Get Their Information?” You know that your credit report contains a lot of the information that lenders need to make a decision about whether or not to lend you money (or extend you[...]
As an adult, your credit score is nearly as important as your good name. So understanding what can cause your credit score to sky rocket – or plummet – is extremely important. Knowing what factors will affect your score can help you remain a creditworthy borrower while helping you to plan for the future, which may including buying a car[...]
Applying for a line of credit can be a daunting process, and it can be incredibly deflating if your application is denied. Instead of panicking, take the time to learn why you were denied so that you can begin to rectify the problem and strengthen your credit in the process. In the article “Six Steps to Take if Your Credit Application is[...]
When you are trying to establish good credit, it is important to regularly check your credit report and credit score to keep up with changes. Credit scores continuously fluctuate, even when generated by the same credit reporting agency. However, according to “ Credit FAQs: Why Does My Credit Score Fluctuate?” on the Equifax Finance Blog, credit score fluctuation is perfectly normal. When[...]
With the recent rash of retailers reporting data breaches, more and more consumers are considering holding on to their cash and using their cards less. Just like the debate continues around whether or not paying in cash for your new home is a good idea, the experts believe there are reasons both for and against living a cash-only lifestyle. As the[...]
While most home buyers understand that having a good credit score is important when financing the purchase of a new home, they may not be aware of the steps they can take to improve the little number that makes a big difference. If your credit score is low or your credit history is less than perfect, Keystone Homes offers these[...]
If you are planning your Atlanta real estate purchase, you’ve likely pulled a copy of your credit report or been told your score from your lender during the mortgage application process. If during the process, your score has dropped, you’re probably (understandably so) concerned about what could have caused the change. The credit experts at Equifax have posted a list[...]
You know that a good credit score is important when purchasing a home, but how important is it really? How much more does a buyer with a lower credit score spend on a home? Since other factors, like down payment and financing options, can also impact how much one spends over the life of a mortgage, what is the real[...]
In this week’s edition of Mortgage Minutes, Academy Mortgage explains the difference between a consumer credit score and a mortgage credit score. The number one question that loan officers receive from Atlanta new home buyers in regards to credit scores is, “Why is it that when I pull my credit score, it is different from what a mortgage lender sees?” There[...]