Lender overlays may prevent you from getting the mortgage you thought you were a ‘shoe in’ to receive. Lender overlays are guidelines a lender adds to a loan program’s basic guidelines. They are common, but it doesn’t mean that you’ll never get the loan you need. You just have to know how to get around […]
Monthly Archives: April 2020
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The FICO credit score model allows consumers to have a credit score as high as 850. Do people actually have this score? While it’s achievable, it’s not all that common. That’s why lenders often consider any credit score over 720 as ‘excellent,’ giving them the most favorable terms on their desired loan. HOW TO GET […]