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credit: Income Estimation from a Credit Report - 02/01/10 11:18 AM
I read an article this morning regarding Lenders coming up with new ways to "Guess Your Income".
The article made some interesting points regarding how lenders make decisions based on a person's credit and income.
In mortgages, Income, Assets, and Debts all play a major factor in determining who will qualify to purchase a new home.  As a loan originator we ask for these details and require verification that the information provided is accurate.  By asking and obtaining the income and asset information, mortgage lenders can use ratios of debt to income, amount of assets, and the credit score together to … (0 comments)

credit: Before the Holidays - Remember your credit! - 11/24/08 07:45 PM
Before the Holiday Season is in full swing and the urge to run a lot of charges on your credit card takes over, it makes sense to see what credit means toward buying a home.  Now, more than ever does credit matter when it comes to buying a home.  We all know that the "best" credit risks get the "best" deals when it comes to financing, but that is true more than ever in this market.  So here are some tips to help keep your credit in line.
Remember to get a copy of your free credit report once a year.   … (4 comments)

 

Eric Murrietta

Scottsdale, AZ

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1st Advantage Mortgage, LLC

Address: 6908 E. Thomas Road, Ste. 202, Scottsdale, AZ, 85251

Office Phone: (480) 707-5603

Cell Phone: (602) 670-3272

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