Mortgage companies often grade your loan based on certain credit related items such as payment history, amount of debt payments, bankruptcies, equity position and your credit score.

If you have had credit problems, be prepared to discuss them honestly with your mortgage professional. A responsible mortgage professional knows there can be legitimate reasons for credit problems, such as unemployment, illness or other financial difficulties. If you had a problem that’s been corrected and your payments have been on time for a year or more, your credit may be considered satisfactory.   “By Ed Eissa”

Here are some steps you can take to improve your credit…                         

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