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Applying for credit can impact your score. Multiple applications at department stores or banks are noted. Financial institutions have higher credit requirements than lenders. Knowing these aspects is key to understanding credit.

Applying for a car or home loan? Dealerships often run multiple credit checks without your explicit consent, which can severely damage your score. Protect yourself by clearly stating you're only inquiring and never giving out your Social Security number upfront. Take control of your credit.

A new bill is proposing to require banks to consider the ability to repay for ITIN customers. This is significant as many traditional mortgage programs like Freddie Mac and Fannie Mae do not extend to ITIN holders. The non-QM space is where this change will likely take effect.

It's crucial to be free from discrimination based on s*x, origin, or religion. Employers cannot discriminate if someone is pregnant. Understanding your rights is key.

Don't rush your home search! Give yourself 6 months to prepare. We'll get you pre-approved and then you can calmly find your dream home and actually enjoy the beautiful process.

Mortgage companies look at more than just your FICO score when deciding on a loan. It's crucial to understand that what Credit Karma shows isn't always the full picture of your creditworthiness.

Unsure about your credit score? A soft pull lets you check without impact. Only do a hard pull when you're confident your score is strong. Protect your credit history.

Lenders have a code of ethics: they can't just approve you for a home loan based on your rent. What if your rent is $500/month, but you're looking at a $3000/month mortgage payment? Understanding affordability is key.

Learn to order your Free Credit Report.

Learn the difference between pre-qualification and pre-approval from a trusted underwriter. Understand what documents are needed for a thorough pre-underwrite and why accurate income calculation is crucial.