VantageScore Solutions, LLC recently announced the release of a new version of their core product, the VantageScore credit score. VantageScore 3.0 contains a variety of consumer friendly changes that could make it easier for consumers to be approved for loans at competitive rates and terms. The primary changes to their score and benefits to consumers
Do you know about the FHA’s 203(k) program? You can get a low (3.5 percent) down payment loan for the purchase price plus the cost of renovations on a single-family home or a multi-family property with up to four units.
Buying a new car can be one of the most frustrating purchases in a consumer’s lifetime. While it’s not the biggest expense ever, negotiating with a car salesman can be a big enough headache that you’ll never want to do it again.
If you’ve just been rejected for a mortgage, chances are good that you’re fuming. Answers from the lender might be shortcoming or vague at best. However, there are some common reasons that people get rejected for a mortgage.
What does rejected mean, in terms of loans? Just because you have good credit doesn’t always mean you get approved for a loan. Even those with great credit can sometimes face getting rejected. The scenario goes like this: you have credit cards, you’re using them, you’re responsible, and then you see a new card or loan
Many borrowers want to take advantage of the record-low interest rates that are currently available, and are anxious to do so before home prices rise. But lending requirements are much stricter than they were in the mid 2000s, as a result of the exposure of bad lending practices that ultimately contributed to an explosion in foreclosures.
It’s that time of the year again, the time of the year when everyone starts making a list and checking it twice. It’s time to start planning your holiday shopping and making your holiday spending budget.