What is the credit score limit to finance a home in Arizona?

Answer Mortgage lenders in Arizona or any state consider more than credit score to underwrite a loan, including income, debt-to-income ratio and assets. A borrower with a credit score under 620 may need t... Read More »

Top Q&A For: What is the credit score limit to finance a hom...

Does going over a credit limit affect a credit score?

Yes. Going over your credit limit can lower your credit score because it increases the amount you owe. Credit-scoring formulas reward low balances with higher scores and penalize people who carry h... Read More »

Does a credit card limit matter in a FICO score?

Yes, your credit card limits matter in your FICO credit score because your score takes into consideration your debt-to-available-credit ratio. If your credit cards are close to their credit limits,... Read More »

Can Reduction in a Home Equity Line of Credit Affect My Credit Score?

A home equity line of credit is a type of secured revolving credit that uses your home's equity -- the value of the home minus mortgage owed -- as collateral. In certain cases, your lender may deci... Read More »

What is the dollar amount limit you can access on a home equity line of credit?

Answer amount depends on your credit score and the amount of equity you have in your home.