Starting Nov. 15, Fannie Mae is eliminating its 620 minimum middle credit score requirement for purchase and refinance home loan credit decisions. Fannie is following Freddie Mac’s lead from several ...
Bad credit triggers a 'subprime tax,' Bankrate says — over decades, it can cost borrowers $100,000
Americans with a credit score of 620 or below pay what Bankrate calls a "subprime tax" that amounts to $3,400 per year, according to its new report. The "subprime tax" comes in the form of higher ...
Average credit scores vary by state and a higher number will result in a better chance to lock in a lower mortgage interest ...
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