Checking Out a House? Check Your Credit First

If you’re in the market for a house, you might find the home-buying process complicated by one little number: your credit score. Whether you like it or not, the most important financial decisions of your life are affected by your credit rating, so it doesn’t hurt to be prepared well in advance. As home prices …

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Using rent payments to rebuild your credit

Using rent payments to rebuild your credit Q: How can I set up a lease-to-own on a three-unit property and have it count on my credit report? A: I’m delighted that you asked this question, for several reasons. There are many, many folks out there who are trying to recover their finances and their credit …

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The advantages of preapproval

The housing market is warming up in many areas, with multiple offers becoming more commonplace. Buyers who want an advantage in the bidding process will need more than a mortgage prequalification – they will need a preapproval. The differences between mortgage prequalification and preapproval are significant. Prequalifying for a mortgage is based solely on what …

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Beware of questionable credit clinics

If you have a credit card or email address, you’ve undoubtedly been targeted by “credit clinics” that promise to repair less-than-favorable financial profiles. The fact is, these companies don’t do anything for consumers that consumers cannot do for themselves–at little or no cost. While there are many reputable credit counseling agencies throughout the country, beware …

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