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mortgages: Importance of Credit in Mortgages - 07/26/10 11:18 AM
Credit and Loans In today’s economy and real estate market, the most important asset in securing a loan is good credit. But should it be? Does having good credit mean that you will make your payments on time and does having bad credit mean you won’t? Although one’s credit is definitely a good way of showing a person’s past actions, it may not be the best way of showing their future. I believe there needs to be less emphasis on credit ratings when it comes to loans. There are many items which can affect credit, and sometimes, they cannot be controlled.
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mortgages: Are You Able to Refinance? - 04/02/09 11:17 AM
Recently GreatWest GMAC Professionals, are hearing from many homeowners who have found themseves in a situation they would never have dreamed of a few years ago. They had purchased their homes in good faith, and had stayed current on payments, and they managed to keep their jobs. BUT, because of declining home values brought on by the current housing crisis, they are unable to refinance and take advantage of current lower interest rates, because their homes are worth less than what is now owing on them.The government has just come out with a new plan, to try to allow many who don't … (0 comments)
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mortgages: Factors That Determine Your Credit Score - 10/18/08 08:31 PM
GreatWest GMAC Real Estate Professionals, are increasingly being asked how to determine whether they are credit worthy with the recent more strict guidelines, required to qualify for home loans. Credit scores range between 200 and 800. Scores above 620 are considered desirable for obtaining a mortgage. Here are 5 factors that decide your credit score. 1. Your payment history. Whether you paid credit card obligations on time.2. How much you owe. Owing a great deal of money on numerous accounts can indicate that you are overextended.3. The length of your credit history. In general, the longer the better.4. How much new … (0 comments)
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mortgages: So You Think You are Ready to Buy a House - 08/23/08 11:14 PM
PRE-QUALIFICATION AND PRE-APPROVAL Many GreatWest GMAC home buyers searching for homes in the Greater Sacramento, Placer, El Dorado, and Yuba Sutter Counties, apply for a loan and obtain approval before they find the home they want to buy. Here's why?Pre-qualifying will help you in the following ways:1. Generally, interest rates are locked in for a set period of time. You will know in advance exactly what your payments will be on offers you choose to make.2. You won't waste time considering homes you cannot afford.Pre-approval will help you in the following ways:1. A seller may choose to make concessions if they … (0 comments)
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Real Living GreatWest
Sacramento,
CA
More about me…
Real Living GreatWest
Address: 3604 Fair Oaks Blvd. #120, Sacramento , CA, 95864
Office Phone: (916) 481-3400
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Conversations about real estate related issues in the greater Sacramento areas. This includes: Yuba City, Roseville, Rocklin, Elk Grove, Rancho Cordova, Granite Bay, Folsom, El Dorado Hills, Natomas, Gold River, Lincoln, Merced, Galt, Stockton, Anatolia, and other surrounding cities.
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