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credit score: What does Rapid Rescore Mean To Buyers in NC? - 03/14/11 06:37 PM
Let's say you are ready to purchase a home in NC, and you meet with a loan officer... and they say that your credit score is 610.  ARRRGGH!  Depending on the mortgage loan that you are applying for, you are probably JUST UNDER the score you need!  Now what do you do?
Your loan officer might have access to a Score Analyzer (we do!) - which will tell you which accounts need to be closed, which ones need to be paid off, and which accounts need to be paid down.  Then, the loan officer might offer to do a Rapid Rescore … (5 comments)

credit score: Your 10% Discount at Victoria's Secret is not really a deal... Just Sayin'. - 03/08/10 11:06 AM
You know how you sign up for a store credit card, and they give you a 10% discount off that purchase?  Okay, so let's say you "Stumble" in Victoria's Secret, and you purchase $350 worth of, ughmm, "clothing."  They offer you a 10% discount and future great discounts, if you sign up for a Victoria's Secret Card!  Cool, save $35!  Not so cool. 
One of the things we are seeing that is hurting people's credit scores right now is the use of what I call "Third Party" Cards. 
Those credit cards from Best Buy, or Macy's or Pottery Barn... or Victoria's … (4 comments)

credit score: WOW! MyFICO Did A Valentine's Day Survey! - 02/11/10 01:59 PM
MyFICO did a Valentine's Survey - and SHOCK, SHOCK... it turns out Girls Really do find Bigger Scores Sexy!
In these conservative times, I guess it's not surprising that 60% of the people taking the Survey said they would not consider dating someone with a Credit Score less than 550 - and the majority felt that a score of 760 is pretty much THE BOMB!!
"We're a bit embarrassed to report that men were 6 times more likely to choose "good looking" as the most important characteristic in a date."  I also thought it was interesting that TWICE as many women … (7 comments)

credit score: READ THIS Credit Score Requirements C-H-A-N-G-I-N-G! - 01/23/09 02:43 PM
Everybody needs to Move it, Move it, Move it!!!
'Cause minimum credit scores are going UP! 
I'm not talking about folks having BAD credit and having trouble buying a home... but I have a borrower right now that has a 618 score - NO LATE PAYMENTS.  He has 20 years of credit history...
He owes Best Buy and Macy's and Room to Go (And Amex, and Bof A for 2 cars, and Wachovia for a mortgage or 2).  NO LATES. But his middle score is 618.
Well, according to our friends at Wells Fargo - pretty soon this borrower (who makes … (31 comments)

 
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Eleanor Thorne 919-649-5057 Cary Mortgage Loans

Cary, NC

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Steve Thorne NC Mortgage Experts

Address: 111 Corning Road, Suite 230, Cary, NC, 27518

Office Phone: (919) 649-5058

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