The Big Difference Between Fair and Good Credit - DSNews


While it's widely understood that better credit equals more opportunity—especially when seeking financing for a massive purchase, such as a home—recent studies have shown that even the most financially savvy consumers are a little confused about credit—what impacts a score, what causes it to change, and what's the magic achievable number, (to name a few things)?

While a 620 FICO, considered "fair," is the minimum score to secure a 2021 conventional home loan that follows the standards set by Fannie Mae and Freddie Mac, the variance between good and fair credit can make a major difference when it comes to locking in a good rate.

Read every detail

Comments

Post a Comment

Your comments are always welcomed and appreciated. Thank you.

Popular posts from this blog

Challenges for Miami Homebuyers

Image
Navigating the New Real Estate Landscape:  Challenges for Miami Homebuyers Miami Homebuyers Facing Obstacles The real estate market in Miami has become increasingly challenging for homebuyers. Over the past few years, housing prices have skyrocketed, while mortgage interest rates have risen to unexpected levels. Unfortunately, wages haven’t kept pace with inflation, making it more difficult for many to afford their dream home. As if these challenges weren’t enough, new rules from the National Association of Realtors (NAR) are set to change how commissions are handled in real estate transactions, adding another layer of complexity for buyers. The Impact of the NAR Settlement Rules Beginning this Saturday, real estate agents listing homes on the Multiple Listing Service (MLS), a widely used database for agents, will no longer be allowed to advertise any compensation to buyer's agents. Previously, it was common for sellers to pay commissions to real estate agents on both sides of the ...
Read more

🏛️ **Victory for Property Owners Nationwide** Landlords may finally be entitled to compensation for losses during the CDC’s eviction moratorium. A major court ruling has reaffirmed that property rights can’t be suspended without just compensation. ✅ If you’re a housing provider who lost rental income during the moratorium (2020–2021), this decision could open the door for you to file a **takings claim** under the Fifth Amendment. 📩 DM me if you want help connecting with a qualified attorney or want to explore next steps. \

Image
🏛️ **Victory for Property Owners Nationwide** Landlords may finally be entitled to compensation for losses during the CDC’s eviction moratorium. A major court ruling has reaffirmed that property rights can’t be suspended without just compensation. ✅ If you’re a housing provider who lost rental income during the moratorium (2020–2021), this decision could open the door for you to file a **takings claim** under the Fifth Amendment. 📩 DM me if you want help connecting with a qualified attorney or want to explore next steps. \ http://dlvr.it/TM1RdR
Read more