credit-score
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How Mortgage Rates Are Set: Key Influencing Factors
Understanding the Factors That Influence What You Pay If you’re planning to buy a home or refinance your mortgage, you’ve probably noticed that mortgage rates fluctuate, and often. But how are these rates actually determined? Let’s break down what goes into the calculation of mortgage rates and the major factors that can impact what you…
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How Your Credit Score Affects the Mortgage Process – and How to Improve It
If you’re thinking about buying a home, your credit score is one of the most important factors in the mortgage process. It impacts everything from the interest rate you qualify for to the type of loan options available to you. Understanding how lenders view your credit and how you can improve it could save you…
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A Quick Overview of Some Common Loan Options
When it comes to purchasing a home or refinancing an existing mortgage, understanding the various loan options available is crucial. Different loan products cater to different financial situations, credit profiles, and eligibility requirements. Below is an overview of some of the most common loan types: Conventional, FHA, ARM, USDA, and VA loans. 1. Conventional Loans…
