April 6th, 2021

Suffering from Credit Problems? Understanding Mortgage Lenders and How They Assess Your Credit

Suffering from Credit Problems? Understanding Mortgage Lenders and How They Assess Your Credit

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One of the most significant factors a mortgage lender will review when you apply for a new mortgage loan is your credit history and rating. While some people have stellar credit, others have a troubled credit history with lower scores. If you fall into the latter scenario, you may be wondering how lenders will assess your credit situation when you apply for a mortgage in the near future.