Credit 101

Opt Out Of Credit Solicitations

Opt Out Of Credit Solicitations

When your credit is pulled, the three credit bureaus (Experian, Equifax, and TransUnion) may be selling your information to creditors, so don't be alarmed if you start receiving random credit solicitations via phone and mail. The good news is that...
Credit Score Overview

Credit Score Overview

"Credit is one of the key components when qualifying for a mortgage." - Captain Obvious. Credit is extremely specific and very complex. This credit overview is to provide a better understanding of how credit works when getting a home loan. Things...
The Five Categories of Credit

The Five Categories of Credit

When purchasing or refinancing a home, your credit scores can impact your potential mortgage interest rate and your APR. This is true for all types of loans: purchases, refinances, cash out refinances, home equity loans, HELOCs, home improvements...
Credit Score FAQs

Credit Score FAQs

Credit Score Overview Credit scores mean the difference between getting approved for a loan or denied. Credit scores also determine what interest rate you may receive, getting approved for a place to live and getting the utilities you need. Your...
Remove Credit Report Disputes

Remove Credit Report Disputes

Credit reports aren't always perfect and occasionally certain items will need to be corrected - that's where credit disputes enter the picture. When applying for a mortgage home loan, a credit report must be accurate and without disputes. Removing...
Bankruptcy and Foreclosure Seasoning

Bankruptcy and Foreclosure Seasoning

Below are the seasoning requirements for various types of loans. Foreclosures, Short Sales, Deed-in-Lieu, Preforeclosure, and Charge-Off of Mortgages are all treated the same when it comes to seasoning requirements. All are measured from the date...

What Are Extenuating Circumstances

Fannie Mae describes extenuating circumstances as isolated events that are beyond someone's control that results in the sudden, significant, and prolonged reduction in income or a catastrophic increase in financial obligations. Extenuating circumstances...