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Chances in the Way Credit Bureaus Report to Mortgage Lenders

Changes in How Credit Bureaus Report to Mortgage Companies - Tampa Bay Homes for Sale

If you’re considering buying a new home in Tampa Bay or the surrounding areas, you might want to start making full monthly payments on your credit cards. Recent changes in how credit bureaus report your information to mortgage lenders may make a difference in obtaining loan approval. For decades, credit bureaus reported your payment history with creditors by showing your monthly payments as on time, late or in default. As long as you showed a positive payment history (making monthly minimum … Continue reading...

Posted in: Blog, Buyers Tagged: Credit Bureau, Credit Cards, Credit Score, Mortgage Approval, Paying Down Credit Cards

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RE/MAX ACR ELITE GROUP, INC. Hillsborough

13907 N. Dale Mabry Hwy., Ste. 101
Tampa, FL 33618
Office (813) 961-6000
Fax (813) 961-6016

RE/MAX ACR ELITE GROUP, INC. Pinellas

1465 S. Ft. Harrison Ave, Ste. 100
Clearwater, FL 33756
Office (727) 584-8480
Fax (727) 586-6789

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