Apply Now This article will cover the mortgage guidelines for credit disputes during the mortgage loan process. Credit disputes during the mortgage process are not allowed on non-medical collections and derogatory credit tradelines. The reason for credit disputes from consumers is to dispute derogatory credit tradelines in the hopes of getting them removed by the…
All lenders need to meet agency mortgage guidelines by HUD. However, most lenders will have additional mortgage requirements that are above and beyond those of HUD Guidelines called overlays. HUD does not require borrowers to pay outstanding collections and/or charged-off accounts. However, many lenders may require borrowers to satisfy collections and charged-off accounts. In this…
This BLOG On Credit Inquiries By Mortgage Lenders And Impact On Credit Scores Was Updated And PUBLISHED On February 21st, 2020 Consumer’s Credit Profile is private and not available to the public. There are federal laws regulating personal credit reports The Fair Credit Reporting Act (FCRA) is the federal government agency that monitors and regulates…
This guide covers how to improve your credit to get approved for a mortgage. How to improve your credit and boosting your credit scores is not difficult, and the team at Gustan Cho Associates can help you. You might be enticed to hire a credit repair service that guarantees to resolve your credit issues for…
This BLOG On Derogatory Credit Items And Bad Credit Mortgage Guidelines Was UPDATED On January 3rd, 2019 Mortgage Borrowers can qualify for home loans with Derogatory credit items and bad credit. The key question is has the borrower re-established their credit after a period of bad credit? Lenders understand that people go through periods of bad…
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