EP 29 - Mortgage Mondays with Kim Nguyen: Market Update and How Credit Score Affects Your Borrowing Ability

Commonwealth Home Ownership - Real Estate Investing Podcast

English - March 08, 2021 08:00 - 41 minutes - 28.8 MB
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Previous Episode: EP 28 - How Private Lending Works for a Flip Project with Sherwin Dziwenka from Calvert Home Mortgage

Next Episode: EP 30 - Investing in New Builds, Mindset, & LLP's with Carleen Su

We have Kim Nguyen joining us again for Mortgage Mondays. There has been a lot of talk about rising interest rates in the news recently so we will do a quick market update to see exactly what's going on.

We will then look at the importance of your credit score and just how much that affects your ability to borrow money. We look at what factors affect your credit score, what interest rates you can expect with different credit scores, how bankruptcy or foreclosure will affect your ability to get a mortgage in the future, and so much more.

If you want to help a tenant-buyer to improve their credit on a rent-to-own, do a better job of understanding tenant credit reports, or just want to know how to not screw up your own credit score, this episode is for you!