Paragon Credit Advisors keeps me well educated in the area of credit and as a Loan Officer, I have been asked many times, how many points could a consumer lose on their credit report once an occurrence happens?
Per the experts, here is the answer:
The initial point loss is from the initial activity and as time passes, the negative activity seasons. That's how credit scores heal over time.
The credit score is the first item looked at when proceeding to qualifying for a home loan, so keeping it strong as you can is beneficial for your overall goals.
Karen Jones, a Licensed Mortgage Loan Officer (NMLS 307015), is located in Scottsdale and has been serving Arizona with their home lending needs for over 40 years. As a Certified Mortgage Advisor, Karen is dedicated in ensuring that her clients are well educated and prepared for their new home loan decision. AmeriFirst Financial, Inc. Grayhawk Office located in Scottsdale, Arizona.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Karen Jones does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Karen Jones will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Karen Jones is a licensed loan originator at AmeriFirst Financial. Karen Jones complies with all regulations and rules of all government agencies and regulators including the Real Estate Settlement and Procedures Act. The services provided by Karen Jones are not a condition, nor do they create any obligation for any form of remuneration for any real estate settlement service related to any referral.