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[15 Apr 2018 | No Comment | 2,076 views]
What is the Average Credit Score for FHA Home Loans?

FHA has a two-tier credit score system for insuring loans. First-tier loans require a minimum down payment of 3.5 percent, while second-tier loans require at least 10 percent. The first tier includes those with FICO scores of 580 or above, while the second tier includes those between 500 and 579. FHA does not insure loans with anything below a 500 credit score.

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[7 Apr 2018 | No Comment | 1,527 views]
Tips for Improving Credit Scores

Credit scores influence nearly all things financial in your life. Banks, credit card companies and others use credit scores in deciding whether to give you a loan, how much money you can borrow and how much interest to charge you. Here’s some advice for improving your credit score:

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[30 Mar 2018 | No Comment | 2,722 views]
What Will a Bad Credit Score Cost you?

Having a bad credit score will cost you a lot more than a higher interest rate for a few loans. It extends into many parts of your financial life. So many people fail to understand how important their credit is until they try to buy a home or take out a loan. People with bad credit usually know that they will have to pay higher interest rates. But they often don’t realize how deeply they will really be affected.

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[29 Mar 2018 | One Comment | 3,357 views]
When Your Good Credit Score Marries a Bad Credit Score

There is a common misconception that when two people marry their credit histories become one the minute the two tie the knot. This is only partially true. When two people marry, each retains his or her individual credit history up to that point.

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[10 Mar 2018 | One Comment | 3,762 views]
Raising Credit Scores for Home Loans

While most mortgage applicants know a good credit score is a key element for a loan approval, not everyone realizes raising your credit score by even a few points can make the difference between qualifying for a mortgage or not. In addition, if you are applying for a conventional mortgage rather than an FHA-insured home loan, you can pay a lower interest rate if you are able to boost your credit score into the next level.