Is It Normal to Lift a Credit Freeze for Mortgage Pre-Approval?
Yes — it is normal for a mortgage lender to ask you to lift your credit freeze for a soft pull or mortgage pre-approval.
credit
Which credit score do mortgage companies use for qualification?
Most mortgage lenders use your FICO® score — specifically, older versions of it — when evaluating your application.
I am under contract for a home, but forgot to mention to my loan officer about a small loan I took out recently, am I in trouble?
Short Answer:
Probably not. This will be highly dependent upon how much the monthly payment is for that new loan vs your current debt to income ratio.
Longer Answer:
Buying a home is
What is non-traditional credit?
Nontraditional credit refers to credit information that is not typically included in a traditional credit report from major credit bureaus.
Can my mortgage be declined because my credit score dropped after going under contract?
Maybe. Most mortgage lenders run a refersh of a credit report a few days before closing.