I Don’t Have Any Debt- Why is my Credit Score So Low? - 02/26/12 09:38 AM
 
In recent times I’ve seen a trend of more and more people oblivious to how their credit scores affect them. After asking all the right questions, debt, child support, student loan, car payment etc., the lender is explaining to me why they will be unable to approve the loan…
 
What the client didn’t say:
Yes, I was behind on my child support for the last 5 years, but I got everything caught up last month.
Yes, I had some things in collections, but I paid them off!  When?  Last week!
The joint account with your ex is still being … (2 comments)

What is Appraised Value of a Home? - 02/24/12 12:17 AM
The appraised value is basically what the bank thinks your home is worth.
 
 This can include everything from what neighborhood you live in, to how many or type of fixtures you have in your kitchen. The appraised value is designed to be unbiased. The bank needs an accurate assessment of the property.
 
Note: It is very rare that the appraised value of a home is the same as the market value.
 
Why? Essentially the appraised value of your home is determined in order to justify the rate of the mortgage loan. This price is based on … (0 comments)

Sorry It's Not An Upgrade... it's called Maintenence - 02/12/12 05:44 PM
I’ve heard this on more than one occasion from home sellers: We've done Lots of upgrades!  NOT!!  And while I appreciate the time hard work and money you’ve invested in your home, I am going to have to give you the disheartening news that all your “upgrades” are actually maintenance.
New carpet throughout – 5 years old now, and the only reason your replaced it was because it was covered with so many stains you didn’t even want to walk on it in bare feet anymore New roof—You had to repair the leak. You got a new one after Hurricane Ivan … (3 comments)