credit score

When should I apply for a mortgage pre-approval?

Mortgage pre-approval is needed in order to make an Offer in our area. Anyone without a pre-approval appears disorganized, at best, and is likely to be written off by a seller as not worthy of consideration, at worst. The first question from a seller or seller’s agent about an offer is “How much?” The second

By Rona|2024-02-20T08:31:56-05:00February 21st, 2024|Categories: buying process, Mortgage matters|Tags: credit score, Loren Shapiro, mortgage, preapproval|

What can ruin your credit score

There is a logic to the way the lenders choose who can borrow for a mortgage. Since 2014, mortgage loans have had standard guidelines that require that any mortgage borrower be able to prove that they can repay their loan. Lenders document income, but also debt. How you have been handling debt will affect your