Credit 101

Credit is one of the key components when qualifying for a mortgage." - Captain Obvious.

When purchasing or refinancing a home, your credit scores can impact your potential mortgage interest rate and your APR.

Credit reports aren't always perfect and occasionally certain items will need to be corrected - that's where credit disputes enter the picture.

Credit scores are like trust; they take years to build and seconds to break. Protect your credit and download the credit bureau apps.

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.

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.

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.