Perhaps you get a monthly credit score on your credit cards. Maybe you subscribe to a credit monitoring company like CreditKarma. Perhaps you pulled a credit report from one of the three major credit bureaus. Your credit score for a mortgage uses only certain scoring models. You may have more than 40 different scores from many different companies and for […]
Derogatory credit refers generally to items which count against you for your credit score. Minor credit items such as a single late payment may not show up at all on a credit report. Say you paid two days late. You may see a late fee on your next bill, but usually you receive consideration as current as of the next […]
Expect inflation through 2025 to remain elevated. It may persist longer. Based on extraordinary federal government spending, waves of extra cash will flow into the economy for at least 3-4 more years. Massive injections of extra cash lead to high inflation. Every. Single. Time. Few, if any, exceptions can be found anywhere in history. The Federal Reserve did the absolute […]
Interest rates go up and go down. Usually, the movement comes from changes in the policy of the Federal Reserve couple with inflation outlook by consumers and professional. But even obscure items or policies can affect your mortgage rate. That’s well known and home buying and refinancing goes in cycles depending on those rates. Not only is the Fed raising […]
At My Winning Mortgage we do not originate mortgages, loans or referrals to any lenders. This site provides mortgage education, news, and information. Get a better rate and better loan options. Plan better, overcome questions and obstacles and avoid default. Learn the key items behind getting approved at the best rate. Should I buy now? Should I refinance? What moves […]
What should you do with your mortgage when a disaster hits? What are the options and obstacles? It’s not common, it’s not uncommon. Damage to your home can occur from various disasters. Hurricane, tornado, flood, wildfire, earthquake, blizzard/ice storm. Even the most recent Covid-19 pandemic resulted in a declared disaster. When these events occur, federal as well as state declarations […]