Shopping for a home with bad credit and what you should do
.png){kind=link}
Have you been considering buying a new home but are concerned about your credit score?
Home-buying can be stressful, and many people label it confusing, especially those with less-than-ideal credit scores. Most lenders look for buyers with a credit score of 620 or higher, but with research, buyers can find lenders who will consider credit scores around 580.
Select (from CNBC and NBC News) put together a list of lenders who work with applicants who have credit scores below the average threshold. Read the complete evaluation here.
These are REAL results!
Our custom credit disputes leverage the consumer protection laws and the credit bureaus’ automated codes to help remove or correct unverifiable items.
Mortgage readiness and getting pre-approved all imply credit worthiness.
You too can improve your credit.
Are you ready to make a big purchase but want to look deeper into your credit first? You’re not alone.
Our credit consulting services play a huge role in separating CRI from others. Our ongoing credit consultation service helps guide you to making smart financial decisions.
We want you to know that you can count on us and the information we provide. Call us today for more details.
Continued Mortgage Trends
The Federal Reserve has decided to raise its key interest rate by 3/4 of a percentage. Now buyers are wondering what this will mean for mortgage rates. “We are seeing rates move up pretty briskly, and a lot of that has to do with forward-looking expectations with where things are headed,” said Len Kiefer, deputy chief economist at Freddie Mac.
Mortgage rates have already risen two percentage points since the beginning of 2022. Although they have remained consistent in the last few months, Freddie Mac estimates rates will be on the rise again, reaching as high as 6 percent.
According to Freddie Mac’s primary mortgage survey, an article from The New York Times reported a 30-year fixed-rate mortgage was 5.23% in early June, up from 2.96 percent the same week in 2021.