Mortgage real estate

What is a Credit Score and why is it important for a mortgage loan? A credit score is a rating that is also called a fico score. This rating yields a number that reflects your level risk to the creditors. The higher the score the better your credit rating. The lower your score, the bigger risk of credit you are considered. The score is generated using statistical model, that considers credit accounts...

     Not knowing if you will qualify for a mortgage loan may be a bit scary. But to increase your odds of getting approved there are a few helpful steps: You need to wait for at least two years after the final discharge of any bankruptcy you may have filed. A waiting period of three years from foreclosure finalization is required for any foreclosure filings.      For the previous one year (12...