If you’re thinking of buying a car or house, your FICO score is the ultimate three-digit number determining your approval. The interest rate that you have to pay also depends on it. Unlike a crash diet to help lose weight fast, there is no quick fix to improve your FICO score, and the best advice […]
Tag Archive | "low FICO score"
HUD homes and FHA loans can be used to enable those with low FICO scores to get adverse credit mortgages. The Department of Housing and Urban Development (HUD) offers insurance on mortgages, and when a homeowner with such insurance is unable to maintain the mortgage repayments, the lender forecloses and HUD pays the balance due. […]
A first time buyer mortgage is no longer difficult to get, but a mortgage with low credit score might take a little more work. However, even bad credit will not prevent a first time buyer getting a mortgage under certain circumstances. Since the subprime mortgage and derivatives meltdown of the latter half of the 2000s, […]