|
| |
credit: Credit: Good, Bad & Daaaaamn type credit - 10/11/11 09:34 AM
While credit guidelines have tighten up quite a bit in recent years, there are many programs to help first time homebuyer’s purchase their home. One frequent question I run into is: “what if my credit is bad?"
My response: what is bad? There are differing levels of bad perceived bad. There are the following:
Your credit is fine - this normally is the accountant/bookkeeper (love that word & its 3 double vowels) that paid an account 1 day after the grace period & thinks they’re condemned to credit hell for an eternity. Don’t let your OCD stop you from applying … (5 comments)
|
credit: Credit Scores: Why should I Care? - 03/19/08 08:14 AM
… (1 comments)
|
credit: Credit scoring - Part I: Good Credit Translates into Lower Rates for the Consumer - 03/13/08 04:03 PM
… (0 comments)
|
credit: Getting the Best Interest Rate on Your Home Loan? A Qualified Mortgage Consultant Can Help Boost Credit Scores - 03/07/08 08:18 AM
Consumers interested in purchasing or refinancing a home will pay an interest rate based on current market conditions and their ability to pay back the loan. The borrower's income and debt ratios are taken into consideration by the lender, as well as the predictability factor provided by credit scoring. It's important to have a mortgage professional in your corner that has a keen eye for solutions to improving credit scores in an effort to get the best interest rate possible.
Interest rates associated with various loan programs are broken down into schedules based on credit score ratings. While each lender has … (0 comments)
|
credit: Protecting Your Credit During Divorce - 03/06/08 10:56 PM
When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn't have to change is the credit status you've worked so hard to achieve.
Unfortunately, for many, the experience is the exact opposite. Unfulfilled promises to pay bills, the maxing out of credit cards, and a total breakdown in communication frequently lead to the annihilation of at least one spouse's credit. Depending upon how finances are structured, it can sometimes have a negative impact on both parties.
The good news is it doesn't have to be this way. By taking a … (1 comments)
|
credit: The Truth About the Mortgage Market - 03/06/08 10:51 PM
Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren't enough, subprime mortgages are also blamed for massive volatility in the stock, bond, credit, futures, and real estate markets here in the US and around the globe. Some say losses in the mortgage securities market alone could reach hundreds of billions of dollars this year. This means that, for any … (0 comments)
|
credit: Life After Bankruptcy - 02/26/08 10:04 AM
Bankruptcy is an uncomfortable subject for a variety of reasons. The most obvious is the potential havoc it can wreak on your finances. Running a close second is the negative stigma which is often attached to the process. This negativity is important to mention because strong emotions can sometimes lead to unsound financial decisions with devastating results.
Bankruptcy becomes a viable option for someone who is "upside down" in terms of cash flow. In other words, when a person has more money going out each month than coming in, bankruptcy should be considered if no reversal of this negative cash flow is … (0 comments)
|
|
|
|
|
|
Joe Gonzalez King of Prussia FHA Jumbo Mortgage Pre Approval, FHA 203k VA USDA
King of Prussia,
PA
More about me…
Joe Gonzalez - Meridian Bank
Address: 920 Germantown Pike, Suite 102, Plymouth Meeting, PA, 19462
Office Phone: (610) 351-7510
Cell Phone: (610) 739-6563
Email Me
PA
Underground RE Marketing Society
Join Us On Facebook!
|
 Listings
Links
Archives
|
|
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.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)
;)