There are several misconceptions about credit scores. Some of these misconceptions involve getting a mortgage with bad credit, and others involve getting a mortgage with good credit.
Peter Andrew, in an article published on The Motley Fool, reviews 7 credit score “facts” that are wrong. Test your knowledge of credit scores, and see if you have any misconceptions that could be affecting your thinking toward getting a home loan.
Read the article: 7 Credit Score ‘Facts’ That Are Plain Wrong.
Do you have questions about your credit score and a home mortgage?
If you have questions about your credit score and how it could affect your ability to qualify for a home mortgage, contact us. One of our mortgage brokers will be happy to review your credit score with you, and explain your options.