Search results for “Credit Report”


Your credit score and how it differs from your credit report
August 23, 2021

Your credit score and how it differs from your credit report

What is your credit report? A credit report is an extensive record of your financial history and how you’ve handled the obligation to repay your loans. Depending on how long you’ve been attached to li...


How Important is Credit in the Mortgage Application Process?
April 17, 2021

How Important is Credit in the Mortgage Application Process?

Your Credit History Your credit report is a representation of your last seven years of financial activity. It shows lenders how you have managed past accounts and how you are currently handling debt. ...


December 19, 2018

Bad Credit: Common Misconceptions Regarding Mortgage Loans

What is the connection between a person's FICO credit score and his or her ability to get a mortgage? This is a common question for any prospective homeowner to ask, no matter what level of credit tha...


Can You Qualify for a Jumbo Loan With Damaged Credit? Consider Newrez’s SmartEdge
April 19, 2022

Can You Qualify for a Jumbo Loan With Damaged Credit? Consider Newrez’s SmartEdge

What is a Non-Qualified Mortgage (Non-QM Mortgage)?  Non-qualified mortgages = non-traditional borrower options. Non-traditional means that the qualifying guidelines and loan terms are less restrictiv...


Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate
November 26, 2021

Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate

Consider a Fixed-Rate Mortgage Fixed-rate mortgages are the most common loan option among borrowers. The rate stays the same throughout the life of the loan, meaning the monthly mortgage payment does...


How Does Mortgage Interest Work?
February 18, 2022

How Does Mortgage Interest Work?

Here is How Your Mortgage Is Calculated Amortization Mortgages are repaid with amortization. This is an established installment loan repayment schedule that includes your overall monthly payment and ...


Smart Series: What You Need to Know About Our Non-Qualified Mortgages
April 19, 2022

Smart Series: What You Need to Know About Our Non-Qualified Mortgages

What is a Non-Qualified Mortgage (Non-QM Mortgage)? Simply put, non-qualified mortgages = non-traditional borrower options. Non-qualified mortgages (non-QMs) are ideal financing solutions for borrower...


7 Essentials for Good Personal Finance
October 2, 2020

7 Essentials for Good Personal Finance

Actually applying for a mortgage isn’t a lengthy process in and of itself, but it does take some legwork on the front end to make sure you’re prepared and well-positioned to get the best rate possible...


How Rising Rates Will Affect You
May 3, 2021

How Rising Rates Will Affect You

Interest Rates are Going Up The March jobs report marks one year since the first pandemic job losses, and even with the improving job numbers, the number of employed Americans is not expected to retur...