Blog | Home Loans by Carlos Scarpero, Ohio FHA Loans

Stop Freaking Out About Credit Inquiries!

I often hear from people that say they don’t want their credit pulled because they are scared the inquiry will “ruin their credit.” This video from Sam Parker, credit repair expert at MyCreditGuy.com will explain why this line of thinking is utter nonsense. Enjoy!

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Can You Get A Mortgage With Bankruptcy On Your Credit?

Chapter 7 BankruptcyChapter 7 bankruptcy is one where you get all your debts removed.  This can be hard on your credit in the short run, but sometimes it is your best option. But, it’s not a deal breaker when getting a mortgage.  FHA mortgage loans are your best option when you have a bankruptcy on your credit. Your […]

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Can You Get A Mortgage With Bad Credit?

Wondering if you can get approved for a mortgage with problems on your credit report? The answer is maybe. It depends on what your problem is and what your credit score is. We can approve you with a 580 credit score and 3.5% down or a 550 credit score with 10% down. This is more lenient than most […]

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How To Fix Your Credit With Protest Letters

If you are trying to improve your credit score to apply for a mortgage, getting the bad items fixed is essential. The more you can improve your score, the better rate you will receive.  A low score can make the difference between an approval and a decline, so it’s vitally important to take charge to […]

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Acceptable Sources of Down Payment Funds

It’s tax refund season again and one of the questions I often hear this time of year is “Can I use my tax refund as part of my down payment?” The answer is YES! Before I get into this though, let’s discuss how much you actually need. If you are buying with USDA or VA Financing, you […]

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The 5 Factors of Your Credit Score

Credit scoring is critical in the home lending process. It can make a difference between a great rate, a higher core adjusted rate, or even getting approved at all. Do you know the 5 factors that affect your credit score? If not, check out this video series from My Credit Guy. By the way, his […]

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