Do Credit inquiries affect credit scores? Yes and no. It depends on the type of inquiry. There are two types on credit inquiries, a hard inquiry and a soft inquiry. A hard inquiry is for situations like: Applying for a mortgage loan on a house, applying for a credit card, requesting a credit line increase [...]
Your credit score is something that is important whenever you are attempting to finance anything - a car, a credit card - and yes, a house. But if you haven't built your credit, or don't know how to rebuild your credit if there were a past issue, you may not understand the steps to take [...]
What factors can affect my mortgage interest rate? Did you know if you called to get a mortgage, and your best friend called the same day, you could potentially get two different mortgage rates? How could this happen? Why? The Consumer Financial Protection Bureau's website, http://www.consumerfinance.gov/, which is a government-run website, put together a list of [...]