The type of credit that you have open - 10% impact on your score. A good mixture of auto loans and leases, credit cards and mortgages is always best. Too many credit cards is not a good thing, and having a mortgage does increase your score. Practical steps to improve your score in this area are: Having 3-5 revolving credit cards open is...

In meeting with clients, a common question that surfaces is what happens to my home if I pass away and still owe a lender money. The easy answer is that the mortgage still needs to be paid, whether by a surviving joint owner of the property, personal representative of the estate of the decedent, or by the trustee of a trust if the property...

Just when we thought rates couldn't go lower we saw another dip at the end of May.  With stocks oversold, we have seen a change in direction for mortgage backed securities and rates have increased again.  Even with taking that into consideration, rates still remain near all time records for lows but the forecast is that we can’t expect these...