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I have a
presentation on Thursday morning to 20-25 business professionals about the
importance of maintaining a very good credit score. Your credit score goes
well beyond the mortgage rate world. Did you know that only 65% of America
have a credit score above 650? More importantly, only only 40% of America
is above a 750, which is considered the new standard for Conventional
Lending. Buying a Car and insuring the car are both influenced by your
current score. An excellent FICO score will have a good mix of Installment,
Revolving and Mortgage history.
An important
part of building and keeping a good credit score is keeping your balances on
your revolving and installment accounts at around 30% of your credit limit.
Watching out for things like medical co-pays and deductibles that aren't
paid quickly can turn into collections with very little warning. Unpaid
utility bills for partial months when you move can also turn into
collections if the billing is not sent to you in a timely manner. There can
also be a time when paying an old collection might be the wrong thing to do
at the moment. Sounds Crazy, I know, but there is a strategy involved. If
you are serious about home ownership, or looking to lower your interest
rate, or have a client with a credit issue, please call me.
~joe~
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Joe Beach (Lending4UNow/Rapid Mortgage)
Rates are improving this afternoon, but who cares. Rates overall can change 2 or 3 times daily. It is real important to recognize that overall, rates have stayed near historic lows for the last few months. minor rate increases or decreases throughout…
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Joe Beach (Lending4UNow/Rapid Mortgage)
Rates are improving this afternoon, but who cares. Rates overall can change 2 or 3 times daily. It is real important to recognize that overall, rates have stayed near historic lows for the last few months. minor rate increases or decreases throughout…
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Joe Beach (Lending4UNow/Rapid Mortgage)
I haven't posted in a while because we have been busy with some other things going on. Life has a funny way of showing you how unimportant some other things can be. Almost a year ago, my younger brother was diagnosed with a brain tumor. A few weeks…
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Joe Beach (Lending4UNow/Rapid Mortgage)
As the jobs market report came in at 179, 000 new jobs created versus an expected forecast of 200, 000 and the fact that these numbers are far lower than what is needed to get the economy growing, interest rates have remained very low and are expected…
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Joe Beach (Lending4UNow/Rapid Mortgage)
STOP!! DON'T THROW AWAY OR TRASH THE CLIENT THAT HAS SOME CREDIT ISSUES! These individuals or couples who have a history of credit issues, may just turn out to be "DIAMONDS IN THE ROUGH" Each month, I either meet or speak with many individuals…
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Joe Beach (Lending4UNow/Rapid Mortgage)
In the past, have you applied to your current lender for a loan modification? Only to find that you were turned down after a say, four to six month wait. Are you interested in working with a mortgage professional whos as 10 + years of experience?…
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Joe Beach (Lending4UNow/Rapid Mortgage)
Rural Development The USDA does have an interesting home loan plan called Rural Development. To qualify for this special loan, the homes location has to be in a qualifying zone. Usually this lies outside the city boundaries. A 640 minimum…
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Joe Beach (Lending4UNow/Rapid Mortgage)
Recently the FHA mades some changes. Like that is a new concept… However, a lot of brokers and loan officers are flipping out and making too much to do about nothing. Personally, I am just going with the flow. My team and I have decided that we…
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Joe Beach (Lending4UNow/Rapid Mortgage)
Are you ready to take yourself and your team to the next level? Are you tired of complacency that seems to have crept into your business and personal life? Can you take a step back and take an objective, unbiased look at every area of your…
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Joe Beach
Springboro,
OH
More about me…
Lending4UNow/Rapid Mortgage
Address: 78 N. Main St, Springboro, oh, 45066
Office Phone: (937) 748-8888 x 319
Cell Phone: (513) 320-0643
Email Me
 Links
Archives
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