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Ep 7: All About Credit – Part 2
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Вміст надано Bill Litton. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Bill Litton або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
How do lenders analyze credit for couples? Does a Co-signer help with credit? You’ve probably heard about the difference between a soft credit hit and a hard credit hit. Whenever you get pre-approved for a home, it’s a hard credit check. But this is different than an auto loan or student loan. There’s no way to shop for mortgages without having your credit pulled so it’s not harmful to your credit score.
Can you open up a new line of credit during the home buying process? You might want to hold off on these big purchases because they could impact your debt ratio a lot. As we continue our conversation on credit today, we’ll discuss these questions and more.
TIMESTAMPS:
0:21 – Credit with couples
3:14 – Co-signers for the loan
4:06 – Soft vs. hard check
5:53 – Making big purchases
8:25 – Utilization ratio
10:07 – Credit card limits
CONTACT:
Schedule a time to meet with Bill here.
Visit the Smart Mortgage Show website for more podcasts, videos and info.
Call: 484-352-4151.
Visit LendUS® on the web.
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