Mortgage rates

Mortgage Hurdles and How to Overcome Them

Posted on February 18, 2015

4 Annoying Mortgage Hurdles & How to Overcome Them: As recently reported on Credit.com, there are some common stumbling blocks that borrowers encounter, and here are some suggestions for helping you to overcome them: 1. A High Debt Ratio: It doesn't matter how great your credit score is, or how much money you earn; your housing payments plus your credit obligations cannot exceed 45% of your monthly income! If you

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Mortgage News

Posted on August 21, 2014

New FICO Scoring System In a recent article published by the National Mortgage Professional Magazine, it was announced that the FICO scoring system will be restructured in order to help borrowers qualify for loans more easily. One of the primary differences we will see is that median FICO score for consumers whose only derogatory references are unpaid medical debts will increase by 25 points.  It has been determined that medical collections

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