Archive for Home Loans
Credit Score too Low for a Mortgage? Quick Fixes
Individuals with a credit score below 700 face having to make concessions in regard to their interest rate and home loan amount. But there are some steps would-be homeowners can take to quickly improve their credit score.
Read moreCredit Report #1 Reason For Home Loan’s Being Declined
“However, the result is often the same as both a negative credit report rating and an adverse listing (blacklisting) on your name can seriously hinder your ability to secure home loan finance.”
Read moreFirst-Time Home Buyers Urged To Check Credit Report
“We recommend first time home buyers check their credit report before they start applying for home loans. And if their application is declined, they should stop applying and ask the lender what factor is disqualifying their application.”
Read moreEnsure Your Home Loan Application Is Approved
If you are planning to buy a house in the near future, make sure you start exploring pre-conditions you will need to satisfy to apply for home loan and be prepared about the same.
Read moreHome Loan Defaulters Okay Credit Risk
Borrowers who defaulted on their home loan during the recent recession turned out to be better credit risk than those who defaulted on several other types of loans.
Read more3 Red Flags That Hurt Home Loan Approvals
If your credit report is riddled with numerous late payments or major black marks, it probably comes as no surprise that you’ll have a tougher time getting a home loan than someone with a “clean” credit report.
Read more5 Credit Report Errors That Jeopardize Home Loans
Credit report errors can cause significant changes in your credit score, yet, many borrowers aren’t disputing these sorts of errors – which could make a difference in their home-buying prospect.
Read moreHow To Secure A Home Loan
It is therefore imperative to have a clear credit record when applying for home loan finance.
Read moreCommon Credit Myths About Buying A Home
Knowing the truth behind some common credit myths — and understanding one’s own credit history and credit score — makes it easier to take advantage of the many opportunities still available for home buyers.
Read moreHome Loans: Are Banks Helping You or Themselves?
Is this new offer a response to assist financially distressed consumers? ABSA’s slick public relations would certainly have you believe it is. However, scratch the glossy paint work and the rust is revealed or in this case, the real motivation for the new home loan offer.
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