A mortgage lender will typically look at the most recent 24 months for credit history, along with the score, to get a better understanding of where a borrower is financially and how responsible they are with credit.
It’s no secret that high scores provide better options when you are getting a mortgage loan. Rates and mortgage insurance are cheaper and for first time homebuyers it can be the difference between taking a conventional loan with only 3% down or having to go FHA and put 3.5% down. …
Whether this is your first or your fifth, buying a home is a big deal and can come with a whirlwind of emotion. The excitement of something new, the adventure and maybe the challenges of a move can be overwhelming. If you can get your head to do some planning, …
