credit: Life After Bankruptcy
- 03/10/08 03:43 PM
For immediate release March 10, 2008 Life After Bankruptcy By Ryan Morrow, Loan OfficerSkyline Financial Corp
Lancaster, CA. - 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 (0 comments)
credit: Turn your dead leads into active buyers!!!
- 06/21/07 10:54 AM
As you all know the Real Estate Market is shifting rapidly.... the number of interested buyers are shrinking, Guidelines are becoming more strict, and inventory is pilling up. It more important than ever for us to work with our clients well in advance to prepare them for homeownership or an upcoming refi. Loan Approvals will often times on the clients credit profile. I have to share with you that the past four credit reports I have ran all had room for improvement. I found an average of 35points on each of these credit reports. I now have 3 clients looking for homes (0 comments)
credit: No Papers? No Problem!
- 02/24/07 04:48 AM
Does your client want to buy a home but does not have a Social Security card, No credit score, Stated Income? There are now loan programs for them. Here are some highlights on the program. 30yr. Fixed Rate Mortgage 550 FICO+ or NO FICO (alt credit will be used)95% LTV Stated Income with a 601+ FICO Purchase or Rate and Term Refi.Borrower does not need to be legal US citizen!Let me know your thoughts on this. Here in CA. we often see a great deal of Straw buyer attempts, I am wondering if this is the banks answer to these problems. Will American Citizens Pay (1 comments)
credit: Credit Tips for any credit score
- 01/29/07 08:21 AM
Many of you have made New Years resolutions and at this point if you are still on tract you will most likely succeed your goal. For those of you who think they can handle one more commitment lets try to improve our credit score. In many cases your credit score will have just as much if not more financial bearing on your loan approval as you income. Here are a few simple tips to help you achieve a better financial future. You must use credit to have credit. Paying with cash all the time is good but don't get carried away, it (2 comments)
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Ryan Morrow
Ryan Morrow Branch Manager Sierra Pacific Mortgage