Should I Set Up Automatic Mortgage Payments?

Should I Set Up Automatic Mortgage Payments?
November 7, 2017

5 Reasons why it may make sense. Many Freedom Mortgage customers enjoy the convenience of having their mortgage payment deducted directly from their checking account. Why? Automatic mortgage payments provide a host of benefits, and of course, you never need to remember to buy stamps. Mortgage payments are the perfect bills to automate. Mortgage payments typically don’t vary month-to-month, so automatic payments can help you plan your finances and manage…

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What is in Your Credit Report?

credit - What is in Your Credit Report?
June 15, 2016

When you apply for a mortgage or any other type of loan, your lender will ask your permission to obtain a copy of your credit report. What is a credit report? A credit report is a collection of information about your credit history, compiled from many sources and put into one report by consumer credit reporting companies (also known as credit bureaus). Whenever you open a credit card or take…

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Building Credit: Here’s the Score

Build your credit: here's the score
October 6, 2015

Your credit score indicates how likely you are to pay back a loan. Most lenders use the FICO credit score, which ranges from 300 to 850. If your score is low, lenders may not be willing to loan you money at all – or if they do, they will charge you higher interest to compensate for the risk that they may not get their money back. What is the best…

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