You’ve signed the purchase agreement and been approved for the loan, but you still have no rights to the property until the day you get to legally transfer ownership: closing day.
Month: August 2013
What Credit Score is Needed for a Mortgage?
When it comes to pre-approval, your credit score is one of the most influential factors determining your eligibility for a loan and what rate you will qualify for. Lenders use your credit score as a risk assessment for approval. Your score is calculated by a combination of scores from the three national credit bureaus: TransUnion,…