Ryan Miller
DSCR Lending With Only 1 Credit Score?
I have a client looking to do a cash-out refi with a DSCR loan in Maryland. The catch (because let's face it, there's almost always a catch) is that my client only has a credit score thru 1 bureau (806). The other two...
Kurt F.
Credit Score required for lowest interest rate
I'm planning my path toward purchasing another property (I own my house outright plus a duplex with small mortgage). Typically, for conventional bank financing, what credit score is required to get the best financin...
Ryan Keenan
Refinancing and not hurting your credit score
Hey BP, when applying for cash out refinancing at several banks, is there anyway around not having to have each bank run your credit? Will this hurt my score if shopping around several banks and every bank does a hard...
Adam Lopate
First deal financing with average credit score
Hi Bpers looking for advice on how to finance my first deal. My credit score is sitting right around 605 and not sure if its smart to get a conventional mortgage or use private money to finance. Which route do you thi...
Devin Scott
lost 126 points on my credit score
Hello BP, I am hoping someone has suggestions on what I can do different next time or what I can do to correct my problem. I contracted a rental property in April that I intended to BRRRR. The contract was for $24,200...
Sunny C.
Renting Apartment-Problem with tenants Credit score
We are trying to rent an apartment in Trenton NJ. We have received an application.There are 3 people who want to sign the lease together. But one of them has a low credit score of 520. We are wary of this situation. ...
Rick Howell
How You Can Improve Your Credit Score
Improving a credit score does not happen overnight.Why?Most creditors only report to the bureaus once a month. However, there are a few steps you can take right now to start cleaning up your credit blemishes and here ...
Rhoda Agyepong
Minimum credit score/capital needed to start
I’ve been saving and working on my credit profile with the goal of acquiring my first cash flow property by EOY. What’s the minimum credit score/capital saved you recommend I have before starting (I’m fresh out of col...
Eli M.
Tenants with good and bad credit scores
Dear BP family,
I have encountered an interesting issue here; a sister and a brother are interested in renting a house of mine, the brother has a good credit score but the sister doesn't. How should I look at it? Wh...
Wade G
Running a credit score on a borrower
When doing a credit check on someone that I am offering seller financing to, will using one of the numerous sites that are used to do tenant background checks suffice? Or do I need to use a different site to get a mor...