Posts with tag mortgage credit

By Scott Sheldon Despite the technical rigors of qualifying for a loan today, there is something more ominous lurking in all mortgage applications that most consumers wouldn't think twice about. Specifically, we're talking about the eligible funds for the mortgage transaction. You might have the money in the bank, but it... Continue Reading »

Within the next few months, some new mortgage regulations designed to protect consumers from certain lending practices will likely go into effect, but home loan issuers say that if that happens, they will likely have to tighten restrictions on credit eligibility. Many housing and financial experts -- including Federal... Continue Reading »

By Gerri Detweiler Will a mortgage help -- or hurt -- your credit? If you're thinking, "Well, both," you're exactly right. But there are subtleties involved that may surprise you. To get a mortgage these days, a lender is going to closely scrutinize your income, debt and credit history before giving you the loan. That... Continue Reading »