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mortgage help: 5 Factors That Decide Your Credit Score! - 12/04/09 02:34 PM
Greg Olson, REMAX Suburban
5 Factors That Decide Your Credit ScoreCredit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collection activity also impact your history.
2. How much you owe. If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However, it's a good thing if you have a good proportion of balances to … (1 comments)
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mortgage help: Navigating Short Sales! - 12/01/09 11:34 AM
Greg Olson, REMAX Suburban
Navigating Short Sales: What to Do When the Sale Price Leaves You ShortIf you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title … (2 comments)
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mortgage help: Mortgage Loan Programs & Help - 06/17/09 09:05 AM
State and Federal Loan Programs
The following specialized mortgage loan programs can help prospective buyers get better financing. Your Illinois REALTOR?/font> can provide you with mortgage information, discuss financing options and recommend loan sources ?and may be able to help you find financing that suits your needs and helps get you into your new home!
FHA Loans. Since 1934, mortgages insured through the Federal Housing Administration (FHA) have helped millions of people buy a home. Because FHA loans are insured by the federal government, they offer competitive interest rates and are an option for buyers with less than perfect credit. … (0 comments)
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Gregory Olson
Streamwood,
IL
More about me…
REMAX Suburban
Office Phone: (847) 577-9797
Cell Phone: (847) 977-7024
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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