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How Does Student Loan Debt Impact Your Ability to Become a Homeowner?

How Does Student Loan Debt Impact Your Ability to Become a Homeowner? This video from GMFS Mortgage helps explains how having student loan debt does not mean you cannot qualify for a mortgage. As with most financing, your debt to…

Credit & Economics

Concerned About Your Credit Score?

Concerned About Your Credit Score? This video from GMFS Mortgage helps explains how your credit score is one of the key factors in determining what type of mortgage and interest rate you qualify for. The higher your score, the lower…

Credit & Economics

What is a FICO score?

What is a FICO score? Back in 1956, an engineer named William Fair and a mathematician named Earl Isaac came up with a formula to calculate the first credit scoring system. This calculation measures a consumer’s credit risk and has…

Credit & Economics

Protect Your Credit Score During the Loan Process

Protecting your credit score is critical when you’re in the process of buying a new home. Your rate and loan costs could be affected by even a slight change – adding to the list of reasons to protect your credit…

Credit & Economics

How to Improve Your Credit Score: Video

Today, credit is factored into so many decisions. Beyond buying a car or purchasing your home, your credit can influence things like your insurance premiums, interest rates, and even your ability to land the right job. Put simply, your credit…

Credit & Economics

How to review your credit score (video)

Order a free copy of your credit report every 12 months through www.AnnualCreditReport.com. Other Credit Related Home Loan Tips: Dispute any errors on your credit report with the credit reporting agencies (Equifax, Experian, and TransUnion) Don’t open any new accounts within…

Credit & Economics

Anatomy of a Mortgage Payment (video)

This video breaks down what impacts your monthly mortgage payment and what is included in the payment. Primary factors that affect your mortgage payment: Size of loan amount Term for repayment (e.g. 30 Years) What is included in your monthly…

Credit & Economics

How does your credit score impact your home loan? (video)

This video illustrates how mortgage lenders use your credit score to determine: Do you qualify for a home loan based on your Debt-to-Income ratio? The interest rate you qualify for (lowest interest rates are typically reserved for higher credit scores)…

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Posts Categorized: Credit & Economics

How Does Student Loan Debt Impact Your Ability to Become a Homeowner?

Concerned About Your Credit Score?

What is a FICO score?

Protect Your Credit Score During the Loan Process

How to Improve Your Credit Score: Video

How to review your credit score (video)

Anatomy of a Mortgage Payment (video)

How does your credit score impact your home loan? (video)

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