lending: CREDIT IS IMPORTANT - 05/25/11 05:30 AM
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 … (2 comments)

lending: LOOK BEFORE YOU LEAP MY REAL ESTATE PROFESSIONALS - 04/28/11 08:20 AM
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 who have or have had issues with their credit. I will often find that what they think is "fair" credit is actually and average credit score.
These POTENTIAL buyers most often only need someone to review their current income and credit scenerio before they can become qualified to purchase.
When a realtor makes a credit referral … (0 comments)

lending: Rural Development - 04/26/11 07:03 AM
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 credit score is required by the l...ender. Household income can not
exceed 115% of the median income for the county in which the home is located. Income is projected
forward including projected pay raises. Borrowers must lack sufficient resources to secure a conventional
loan. (Generally 20% Down) So if you have a potential buyer who may be a little credit impaired, … (0 comments)

lending: The American Dream - 01/19/11 10:49 AM
The American dream is to own your own house. However, this dream has shattered in lieu of the recent subprime mortgage shakedown. Buying a house with bad credit is no longer as easy as it was and indeed, even keeping a home from foreclosure is hard. People are losing their houses left and right, jobs are being scaled back at an alarming rate, and the American economy is on the point of collapse. All the old rules have now changed. In this new environment, the same loan rules don't apply now. Credit history is even more important than it was before. … (2 comments)

 
Joe Beach (Lending4UNow/Rapid Mortgage)

Joe Beach

Springboro, OH

More about me…

Lending4UNow/Rapid Mortgage

Address: 78 N. Main St, Springboro, oh, 45066

Office: 937(748) 888-8319

Mobile: (513) 320-0643



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