According to a new report from the credit bureau Experian, many prospective homebuyers are put off from the process because they are unaware of their credit scores. But knowing your credit score has never been more simple. Start by getting your free report from CreditKarma* at https://www.creditkarma.com. Yes, it’s totally free and there is no […]
Articles about Credit relating to Real Estate and Mortgage Loans
Articles about Credit relating to Real Estate and Mortgage Loans.
Credit is the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people.
The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment.
Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.
Like it or not, your credit score determines a great deal about what you can and can’t do in life, that is, when it comes to making major purchases like homes, cars and other high ticket items. Unfortunately, there are a lot of misconceptions and myths revolving around your credit score and how to keep […]