Homeownership Guidance, Advice and Blogs

As the Director of Affiliate Relations at HomeFree-USA, I’ve always been fascinated with how people handle their money. Like everyone else, I’ve had my financial ups and downs. In fact, it took me 32 months to pay off $32,000 in credit card bills and build up a six-month emergency fund. While that was a very difficult period, I am grateful – and wiser -- for the experience.

Through my personal experiences and working at HomeFree-USA, I’ve gained a ton of insight that I feel compelled to share. You’ll find those lessons here. Feel free to take the thoughts and ideas that resonate with you most and put aside the rest for later. I look forward to sharing my journey.

Your Credit Score May Have Just Gotten a Boost

If you haven’t checked your credit score lately, you might be in for a happy surprise. 

Thanks to changes to the way credit bureaus generate credit reports, some consumers will see their credit scores rise by as many as 30 points.

Here’s what you need to know: Each of the three major credit bureaus is now excluding tax liens and civil judgment data from credit reports. Some experts are predicting that 11 percent of Americans have had a judgment or lien removed from their credit report recently.  If you are one of them, you may see your credit score rise as a result.

FICO credit scores range from 300 to 850. The higher the score, the more likely you will qualify for better interest rates on mortgages, car loans and credit cards.

This change in credit scoring can be a game-changer. For more information about how this change could impact you, contact your HomeFree-USA homeownership advisor.