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Is a good credit score necessary for applying for a home mortgage loan?
Asked by unknown
1 Answers
One do need a credit score as part of the process of being eligible for a home mortgage loan. Apart from the eligibility criteria, the credit score helps the lender's to determine the interest rate that one would be paying on loan amount. If applicant have a good or fair credit score, the interest rates would be lower while it increases if one have
Which are the best reverse mortgage providers?
Asked by unknown
1 Answers
There are quite a lot of options in the market to get a reverse mortgage for seniors, but the ones that have been rated as the best based on customer feedback and interest rates include the Liberty Home Equity Solutions, HomeBridge Financial Services, Reverse Mortgage Funding, Longbridge Financial, One Reverse Mortgage, Nationwide Equities, FBC Mor
Is the spouse’s credit score taken into account for a home mortgage loan?
Asked by unknown
1 Answers
If spouse is a co-applicant for the home mortgage loan, their credit scores will be taken into factor as well. The credit approval when there are two applicants is decided by determining the lowest of the two middle credit scores of both the borrowers. The credit scores are taken from all the three national credit bureaus (Equifax, Experian, and Tr