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How Do Credit Look-ups Affect Your FICO Score?

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Your FICO score determines your eligibility for a loan. Certain things like late payments or overextending your credit obviously hurt your score. What about credit look-ups? Do they hurt your score? You might be surprised to learn the truth – it’s probably not as bad as you think. Defining a Credit Look-Up First, let’s look at credit look-ups and what they are. They occur when … [Read more...] about How Do Credit Look-ups Affect Your FICO Score?

How to Budget for a New Home Purchase

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Buying a home is exciting. It’s also overwhelming. Budgeting for the purchase means not only the sales price, but well beyond that. If you focus only on your down payment, you may end up underwater right away. Here we discuss the common and most overlooked expenses your budget must include. This way you can properly budget for your next home purchase. Down Payment This one’s … [Read more...] about How to Budget for a New Home Purchase

Can You Buy a House Without a Social Security Number

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Are you looking to buy a home in the United States, but you don’t have a social security number? It may be easier than you think to settle here in the U.S. Rather than a social security number, you will need an ITIN, Individual Taxpayer Identification Number. If you have an ITIN and you have the qualifications we discuss below, you could be well on your way to an approval for … [Read more...] about Can You Buy a House Without a Social Security Number

Is it Possible to get a Mortgage on Bank Statements Alone?

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Do you have irregular income or maybe you don’t work at all, but you know that you could afford a mortgage? You probably won’t be able to qualify for a traditional mortgage if you don’t have W-2s or tax returns for a lender to confirm your income, but you may be able to get away by just using your bank statements. Looking for Current Mortgage Interest Rates? Click Here. While … [Read more...] about Is it Possible to get a Mortgage on Bank Statements Alone?