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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Buying a Home with a Low Credit Score

Buying a Home with a Low Credit Score
June 29, 2016

If you’re considering purchasing a home now or in the near future, but have less than stellar credit – take heart. While it may be more difficult to buy a home, it’s not impossible. There are many programs that offer flexibility for those who do not have a high credit score but may qualify for home financing in other ways. Such programs include Federal Housing Administration (FHA) and Veterans Administration…

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How to Check Your Credit Score

How to Check Your Credit Score
June 22, 2016

It’s very important to check your credit as the first step in the mortgage process, as your credit history can affect what types of loan programs your lender will offer you. The type of loan will also affect the interest rate you’ll receive. You can get one free credit report each year at www.annualcreditreport.com. If your free credit report does not contain your credit score, you can purchase your credit…

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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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