credit score

Know your credit score: Mortgage terms & approval basics

If you're planning to buy a house, managing your credit score is vital. Mortgage lenders use credit scores as a benchmark for qualification, and a lower score can hurt your chances of being approved for a mortgage.Here are some more details about how credit scores affect your mortgage loan chances:What should my score be before I apply for a regular mortgage?The customary loan application process requires...

Little things that can lower your credit score

Your credit score is one of the most important numbers to your financial picture. If you pay your bills on time and keep your debt down, your credit score will be fine - or will it? Unfortunately, there are some small details and mistakes that can add up to negatively affect your credit. Too many inquiries Beware that every time you apply for a new loan or even just check on what type of...

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