eagle mortgages: Credit Scores...More Important NOW Than Ever! - 12/29/09 05:23 AM
As the availability of credit continues to be tight (it could get tighter!) having a good credit score is now more important than it has ever been and having a low credit score will carry with it a variety of costs both tangible and intangible. Think about it from the bank's perspective, many people want to borrow money from you and you have limited funds to lend so you are going to choose to loan your money to people who demonstrate lower risk variables (ie. those with a longer history of responsible repayment and thus maintain higher credit scores).
Of course there is … (1 comments)

eagle mortgages: How do We STOP the Foreclosure Process? - 12/14/09 02:58 AM
Foreclosed properties are no good for anyone (except perhaps buyers).  Banks lose money, homeowners lose their homes, neighbors and neighborhoods lose value and equity.  Many homeowners see their dream of owning a home go up in smoke.
   
How do we in the Real Estate industry help stop this snowball from tumbling out of control?
The road to foreclosure is long and there are many obstacles in the way.  It can take a year or more for a property to go into foreclosure status. These obstacles create opportunities for us to help our clients work out a solution before the foreclosure … (1 comments)

eagle mortgages: A History of Mortgage Rates...Why NOW is the Time to Buy. - 12/08/09 07:13 AM
Mortgage interest rates are again at an all time low and, with housing prices expected to increase slightly in 2010 (analysts have predicted 3-4%), a generous Tax Credit available to many home buyers, Now may be the best time to purchase a home.  Take a look at the historical chart below and see how national average Mortgage interest rates have fallen over the last several years.

These low, fixed rate interest rates increase a buyer's purchasing power without the volatility of an Adjustable Rate Mortgage.  While it is very difficult to predict interest rates (especially for me as my Crystal Ball … (0 comments)

eagle mortgages: Pay attention to your CREDIT! - 10/20/09 06:23 AM
Your credit score is a three digit number ranging from 350 to 850. Roughly 50% of consumers have a score above 720. The higher your credit score is, the lower you can expect your interest rates and fees on loans to be.
Your credit report indicates to lenders how you have handled your credit in the last 24 months. Credit scores are recalculated every time a lender requests it. If you’re 30 days late with a payment and your creditor reports it, a score in the mid 700s can drop somewhere around 50-100 points or more!  It can happen overnight and literally take years to recover from. 
There are … (4 comments)