Credit reports are generated by 3 major credit bureaus (Experian, Equifax, and Transunion). They each use a differing methods to generate a credit score that reflects your credit risk. The higher the score, the less risky you are viewed by creditors. Specific items can have a adverse influence on your score and can possibly stop… Continue Reading →

Personal finances play a significant role in home loan approvals. All mortgage companies review your assets, income, credit and debts. These determine whether you qualify for a loan and for what amount. The following is information on income versus debt ratio for Perth Amboy NJ loan pre-approvals. What Is Considered Income Mortgage companies will consider… Continue Reading →