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improving credit ratings: Improving Finances After Completing Short Sale or Foreclosure - 08/16/11 07:44 AM
Original article source: Massachusetts Real Estate Blog
 
There are not many things that can negatively impact your credit score more than a foreclosure or short sale. In fact one of the more common untruths you will hear from many Realtors is that short sales don’t impact your credit scores like foreclosures do. This is absolutely WRONG!
If you fail to pay your mortgage during a short sale the credit score impact will be nearly identical to a foreclosure according to My FICO the governing body for credit scoring.
Being a Realtor myself for the last twenty five years it does … (17 comments)

improving credit ratings: How to Improve a Credit Score Through Home FInance - 03/08/11 07:29 AM
Original article source: Massachusetts Real Estate Blog
                                                                                                                                                                
Credit scores can have a dramatic effect on a borrowers ability to get the best rates for many types of financing including a home mortgage and a car loan.
If your credit score does not meet minimum standards you may not even have the ability to get a home mortgage period!
There are a number of factors that the credit bureaus use to calculate your credit score. One of the most important factors they use is your past payment history which generally accounts for 35% of your credit score.
In the mortgage … (33 comments)

improving credit ratings: Increasing FICO Credit Scores to Purchase a Home - 04/03/10 07:19 AM
Original Source: Massachusetts Real Estate Blog
                                                                                                                                                           
Credit scores are one of the largest factors that lenders use in evaluating whether or not to lend money to a borrower. Credit scores are designed to measure the risk of someone defaulting by taking into account various factors in a person’s financial history.
If you are considering purchasing a home one of the things you want to be sure of is the accuracy of your credit report.  The economic down turn of the last five years has vastly changed the mortgage landscape all across the country.
If you ask any mortgage broker … (70 comments)

 
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Bill Gassett Metrowest Massachusetts Real Estate

Hopkinton, MA

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RE/MAX Executive Realty

Address: 77 Main Street, Hopkinton, MA, 01748

Office Phone: (508) 435-5356

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Metrowest MA Real Estate - Realtor specializing in home sales in Hopkinton, Milford, Holliston, Ashland, Southboro, Westboro, Upton, Mendon, Hopedale, Grafton, Medway, Northbridge, Franklin, Framingham, Shrewsbury, Northboro, Bellingham, Sutton, and Uxbridge MA. Includes Real Estate home sellling & buying tips, Homes for sale in and around Metrowest, Metrowest MA Market reports.

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