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.
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How much do credit inquires effect credit score for mortgage approval?
It depends upon the number and when they are pulled. For hard credit inquires, like inquires in a short period of time will be considered one inquiry against your credit score.
Can I get approved for a mortgage with a past bankruptcy?
Yes. Many mortgages allow borrowers with a past bankruptcy filing to be approved for a mortgage after waiting a period of time.
What is the difference between a charge card and a credit card?
Credit cards and charge cards are tools for making purchases without the need of cash. However, there functionalities and repayment mechanisms diverge significantly.