Fannie Mae and Freddie Mac, the companies that federally insure the majority of the nation’s mortgages, are relaxing their FICO score requirements, sometimes as low as 620.
When you apply for credit, you authorize those lenders to ask or “inquire” for a copy of your credit report from a credit bureau – which could actually lower your credit score.
Whether you’re hoping to buy a new home, a new car or even find a new job – you’d better be sure your credit score is in good shape, it’s being used in more ways than you might think.
By Jim Donovan: When was the last time that you checked your credit score? Well if you’re a Wells Fargo customer you can do that for FREE for a limited period of time. Now through […]
Buying your first home can be a very exciting time, but it can also cause a lot of anxiety — especially when it comes to the application process for securing a mortgage.