Just like getting into top physical shape, getting into homebuying shape takes time and determination. The best strategy to prepare: get organized and create a plan that will help you improve your financial fitness over time. It won’t happen overnight, but if your goal is to purchase a home in the new year, it’s never too early to get started. SHAPE UP YOUR CREDIT Just like stepping on a scale, checking your [...]
Just like getting into top physical shape, getting into homebuying shape takes time and determination. The best strategy to prepare: get organized and create a plan that will help you improve your financial fitness over time. It won’t happen overnight, but if you’re goal is to purchase a home in the new year, it’s never too early to get started. Here to coach you through the homebuying fitness plan is TowneBank Mortgage [...]
You may not know the ins and outs of what makes up your credit score, but we can all agree on one thing, your credit score is extremely important. Not only can you be denied a home loan if your score is too low, but poor credit could also lead to difficulty being approved when you’re renting an apartment, higher insurance premiums, being denied on a job application and it determines what [...]
If your credit is down the drain, you might feel desperate to repair it. The marketplace is saturated with companies that promise to repair your credit. If you're looking for credit repair help, be aware that not all parties promising to repair your credit are legitimate. Make sure you recognize credit repair schemes before you become a victim. Be suspicious if a company: Insists that you pay upfront before services are provided to [...]
If you have bad credit, you might feel like doors are constantly being closed on you. It could lead to difficulty being approved for an apartment, paying higher insurance premiums, being denied a job, or being denied for a loan. Credit scores reflect your payment patterns over time and almost all major lenders use them. Your credit indicates to people how trustworthy you are, and indicates to lenders how likely you are [...]
It’s March, which means it's credit education month! While most of us know what a credit score is, a lot of consumers do not fully understand what factors impact your credit score. Credit scores reflect your payment patterns and credit history over time and almost all major lenders use them. So why is your credit score so important? Your credit indicates to lenders how likely you are to pay back your loan. [...]
