Credit Secrets

Your Credit Report

The information in your credit report has a huge impact on whether or not you qualify for a mortgage loan and what interest rate a lender will offer. Therefore, it’s important your credit report reflects a positive image of the way you manage your money. If you're getting ready to buy a home, checking your credit report is the best way to ensure you get the loan and interest rate you deserve. Read More

Your Credit Score: What it Means

Before they decide on the terms of your mortgage loan (which they base on their risk), lenders want to discover two things about you: your ability to repay the loan, and if you are willing to pay it back. To assess whether you can repay, they look at your income and debt ratio. To assess how willing you are to repay, they use your credit score. Read More

FICO Credit Scores: What Do They Mean?

Because we live in an automated world, it should come as no surprise that your creditworthiness boils down to a single number. Credit reporting agencies use your history of paying all types of loans in order to build this score. Read More