What Are the Common Types of Mortgage Loans?
What Are the Common Types of Mortgage Loans? By BestQualify There are different forms of mortgages that are available depending on your individual circumstances. Here is some key information on…
What Are Mortgage Points?
What Are Mortgage Points? By BestQualify Mortgage points are often referred to as rate discount points. You pay your lender a specified fee for a lower interest rate. Each point…
Navigating a Challenging Housing Market
Navigating a Challenging Housing Market By BestQualify One of the keys to securing the home you want in a difficult housing market is to keep your credit in the best…
How Much Should I Save for a Down Payment & Closing Costs?
How Much Should I Save for a Down Payment & Closing Costs? By BestQualify This will largely depend on the type of loan you have. Some loans require at least…
Foreclosures vs. Shortsales
Foreclosures vs. Shortsales By BestQualify Foreclosures and Shortsales… What’s the Difference? Shortsales and foreclosures are options for borrowers who are experiencing financial challenges due to job loss or other event.…
Common New Home Buyer Mortgage Fails
Common New Home Buyer Mortgage Fails By BestQualify Mortgage Fails Happen. Mistakes happen to the best of us, but if you know what to look out for, your journey to…
When, Where, & Why Should I Check My Credit?
When, Where & Why Should I Check My Credit? By BestQualify You DO Have Privileges When it Comes to Your Credit Report. Under the Fair Credit Reporting Act (FCRA), you…
What Is an Inquiry?
What Is an Inquiry? By BestQualify A credit inquiry is a request for a specific individual’s credit report from a reporting agency. Banks and other lenders will request the credit…
What Is a Tradeline?
What Is a Tradeline? By BestQualify Tradeline is an industry term for the accounts found on your credit report. Every time you open a new credit card or another type…
What Is a FICO Score?
What Is a FICO® Score? By BestQualify FICO, originally known as the Fair, Isaac, and Company, is a data analytics company based in San Jose, California. The main focus of…