No one sets out to lower their credit score, but it can happen all too easily. Forgetting to pay a bill, losing your job and not having enough income to pay everything, or having an unexpected medical emergency can all affect your credit score in many cases. And by the time you get caught up,.
Mortgages are tough to get approved for these days. Ever since the major housing and mortgage crisis a decade ago, lenders have become incredibly stringent with their lending criteria. No longer are borrowers able to take out exorbitant loan amounts with minimal documentation like they did back when the mortgage crisis was just starting to.