Members: 88,420 -
2,538 Online Now
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Blog entries tagged with "credit":
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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.
© 2007 ActiveRain Corp. All Rights Reserved 
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
You've watched the news and read about it in the papers. You know, the "credit crisis" and how buyers need 20 percent down in order to buy a home? And even if you found a buyer with 20 percent down, lenders aren't making loans anyway. So, why bother, right? Wrong!
Now that you've had a chance to recover from filing your 2007 taxes, it is time to start thinking about ways to reduce your 2008 tax spending. Most homeowners know they can deduct their mortgage interest from their primary residence if they itemize, but did you also know you can deduct … (1 comments)
Credit card companies are great at marketing their latest features, but before you or your clients sign on the dotted line, read the fine-print carefully and look for some of the following fine-print pitfalls: Cash Advances - The convenience of getting cash is very expensive when it comes to some credit … (0 comments)
Buy a home with NO Credit Score!
And so can your family, friends, and, oh yeah, your clients!
I was listening to the radio today and heard that the guv has signed into law, the Credit Freeze act for Georgia. (That's my name for it, I am sure that there is some bill number official title for … (1 comments)
I am looking for Lenders who will deal with low scores, not so perfect credit and not a lot of money to put down. If there are any lenders who matches this criteria, please email me and let me know some of the programs you do offer. 100% financing is another … (0 comments)
Sooooooo, I usually don't do this; especially not on an open forum like this...but I have to get this off my chest. Why don't some of the people in our business want to make more money????? I'm a National Credit Consultant for RMCN Credit Services, Inc.; but in reality Im … (2 comments)
'Business Lines Of Credit expert reveals keys to business lines of credit that does not report to your personal credit report’
Entrepreneurs and small business owners need cash now more than ever. However, business owners face a major challenge finding a dependable, easy-to-use source of funds that does not create … (0 comments)
Quiet as it is keep, there are many things you can do to improve your credit score. The most important thing you can do is to pay your bills on time, especially on or before the due date. It will help if you educate yourself and keep abreast of your credit … (3 comments)
Have you ever wondered why your clients credit score varies between the 3 Credit Reporting Agencies? Or had a client tell you they just ordered their free credit report and their credit score was, for example 675, only to have your mortgage professional tell you it was much lower than that?
Why FHA Loans are the best Loans Now
Lookie hear what the house passed,
I am always amazed at the intellect of this young generation. Many of them are business owners by the age of 15 most will own more than one business before they reach 30 years old. They are the reason and the genius behind the technology advancement we all have come to … (0 comments)
Four times annually, the Federal Reserve surveys 84 different banks about general banking conditions.
If we don't learn from history it will repeat itself. I don't know who said that, but look around.
Are you a veteran or serving member of the armed forces of the United States? Were you or are you currently a member of a reserve unit or National Guard unit?Why do I ask the questions? Because most of you are missing out on some great opportunities that are available to … (0 comments)
Four times annually, the Federal Reserve surveys 84 different banks about general banking conditions.One of the survey questions asks about current mortgage lending standards and whether they are loosening or tightening.The chart at right is from the April 2008 survey and it illustrates what we already know: It's getting tougher and … (1 comments)
You've watched the news and read about it in the papers. You know, the "credit crisis" and how buyers need 20 percent down in order to buy a home? And even if you found a buyer with 20 percent down, lenders aren't making loans anyway. So, why bother, right? Wrong!
Pre-qualifying for a mortgage allows you to visualize the monthly payment and costs incurred with home buying. It's during this process that a loan program is chosen to best fit your needs. How do you begin this pre-approval process? Simple, with one stress-free phone call. To help you even further, I have … (0 comments)
Credit Accounts:
Financing Solutions with David Reed
Financing Solutions with David ReedOvercoming the misconceptions about the "credit crisis"You've watched the news and read about it in the papers. You know, the "credit crisis" and how buyers need 20 percent down in order to buy a home? And even if you found a buyer with 20 percent down, lenders … (0 comments)
Wow! We are getting SQUEEZED tighter every day. Check out the credit score pricing which will come into effect June 1, 2008 (some lenders have adopted this already!):
JUST PASSING ON SOME MORE INFO:
People who are looking to repair their credit must be very careful when talking to a “credit expert”. The 2 truths are: that you cannot remove everything on a credit report even though they claim to be able to, and dispute letters rarely work. Disputing them generally proves to be more … (0 comments)
Hello my name is James Jeter. Today is my one month anniversary here on Active Rain and I realized I've yet to formally introduce myself on Active Rain. I was introduced to this forum by Nathan Scott, a true professional and asset to his colleagues and clients.
Getting students educated on the FICO credit scoring system is not a priority in the school system. Neither is it in almost all industries. The reasons for this can vary but the major one is that we are not provided with specifics on exactly how the scoring model works. This is done … (1 comments)
What's the catch today? Which programs are discontinued? What new 'pet peeve' will mortgage lenders come up with today? What hoops will mortgage applicants have to jump through now? Much like my roommate in college starting his studies for his accounting degree. If you're not paying close attention each and every … (7 comments)
Earlier this week, I was having a conversation with a past customer (who is also a licensed RE agent). This customer/agent now has one of his "investment" homes listed for sale in the MLS "subject to a third party approval." 
Why you should buy a used carWith the economy at an ebb and gas prices at an all time high, car manufacturers are having a difficult time selling new cars and are dropping prices to lure customers into buying new vehicles. Car sales across the county have weakened significantly in March, … (0 comments)
As mortgage borrowers we have gotten ourselves into a pickle. We bought over our heads and pushed the envelope of creativity when it came time to get a loan. Accusatory fingers have been shaken at the loan officers but there are a lot of borrowers out there who inflated their stated … (1 comments)
This real estate market has been tough on many investor's credit history. Investor's that walked away from a bad investment or upside down on a property will have their credit ruined for many years. Now these investors would like to either buy more property or find a new residence but their credit … (1 comments)
I was reading the ALQ Real Estate Intelligence Reports form January and Feburary 2008. And there are 2 points I want to reflect on. Observation 1 - A Zillow Poll of homeowners that reveals "35 percent [of those polled] say they plan to take out a home equity loan this year and … (5 comments)
… (0 comments)
Good Morning! I have had a few issues come up lately with clients that have involved either identity theft, in smaller ways - such as folks taking out cell phone accounts in their names to bigger ways such as Capital One doing a 'soft-pull' on a client 54 times in 2 … (9 comments)
Homeowners wanting to stop foreclosure are faced with a number of options, one of which is doing a short sale. Sometimes, depending on a person's situation, they may allow a property to go into foreclosure instead of attempting a short sale. Many times the foreclosure is a result of not knowing … (7 comments)
So, you are in the market to buy a home, and are wondering where to begin, huh? The first thing you should do is contact a lender to get "Pre-Qualified". 
Credit Restoration and/or Repair What is up with these credit repair services anyways? I have been wondering this for about 1 year now. I see the ads, both on tv and in print ads, everywhere! What is it that they are doing? Honestly, it is what you or I can do … (0 comments)
The Federal Open Market Committee (FOMC) is meeting today and tomorrow and it is widely expected that Bernanke and Company will cut the Fed Funds rate another 0.25%. What does this mean to you as a consumer or someone looking to purchase or refinance a home today?
As a consumer, not … (0 comments)
When thinking about the economic slowdown now gripping the United States, one might think of the naked emperor of yore, who could not realize his condition until told by a child. By the time analysts and the White House recognize the extent of the credit crisis, its effects will probably not … (2 comments)
In a survey recently conducted by the GMAC mortgage company, a thousand customers nationwide were asked to ascertain any obstacles they have to homeownership. 24% of them specify a lack of fiscal security, at the same time 23% indicated saving for down payment. Both of these issues can be as … (0 comments)
As a consumer, you already know that your credit score plays a significant role in your financial well being. Low credit scores can have a negative impact on many different levels. They may prevent you from obtaining needed credit such as a mortgage, school or car loan, or they may cost … (0 comments)
Why is credit important?Frankly good credit makes it easier to get a loan and will most often provide for a better interest rate and a lower monthly payment. 
CREDIT SCORESFICO credit scores are typically used by lenders and credit companies to determine your ability to pay back loans and other debt before they decide whether they will issue you credit. They will look at your payment history, length of history, amount of credit issued and outstanding and types of … (6 comments)
I really love this house, but it needs work...
Well, a seed I have sown has finally shown some financial life. 
Some of you will read this and get it.... Others will read this and should get it... It's what will make the difference of either thriving and surviving, or drowning in this market. I have been coaching with Brian Buffini and Company for 4 months, and I believe that our clients … (0 comments)
Looking at the current housing market and the plight of so many people everywhere, many people and institutions have serious, potentially life-altering decisions they either have to make, or could be faced with soon enough. What I’m talking about is the possibility of people who have to sell and are … (8 comments)
A consumer who borrowers $200,000 today and puts 20% down this is how there score now affects them with the new pricing rules for conforming loans:620-639 mid score - $5,000 in fee or 0.875% in rate (almost a full interest point higher) 700-719 mid score - $1,000 in fee or 0.125 to 0.25% … (1 comments)
As a licensed Realtor in the Central Ohio area, I am concerned for the many homeowners who are facing the very real and frightening circumstance of foreclosure. I have partnered with a leader in the foreclosure prevention industry to help you avoid the possibility of a foreclosure. Most people don't realize … (1 comments)
activerain,activerain,advertising,advice,agent,agents,blog,blogging,blogs,broker,business,buy,buyer,buyers,buying,buying a home, condo,condos,credit,education,estate,fha,for sale,fsbo,home,home for sale,home sales,home staging,homes,homes for sale,house,houses,interest rates,investment,land,listing,listings,loan,loans,localism,market,market conditions,market report,market statistics,market update,marketing,mls,mortgage, mortgages,networking,new construction,new homes,open house,property,real estate,real estate agent,realtor,realtors,referrals,refinance,relocation,remax,sale,sales,sell,seller,sellers,selling,sales,staging,statistics,success,technology,tips
First things 1st! The best place to get a free credit report is www.annualcreditreport.com all 3 bureaus work on this site so you get all the info from one place. Don't waste your time or the time of your friends by going anywhere else just because you heard an ad on the … (0 comments)
We walk by those "Enroll now and get a free gift" credit card tables all the time. If I have all those department store cards, how does that affect me? Does this "potential" debt capacity matter? What if I never use them? I just signed up to get the free … (1 comments)
Alternative credit bureaus mine data on consumers using rent receipts, utility bills, and other clues! Entrepreneur Kenneth Ellman makes a nice six-figure salary. Yet when he went to refinance his six-bedroom house in Newton, N.J., last year, he hit a snag. The problem: Ellman had paid off his original mortgage a … (2 comments)
Minimum Payments Are the Floor, Not the Ceiling
Freddie Mac will finance $10 billion to $15 billion in jumbo mortgages from big lenders in an effort to jump start the frozen higher-priced housing market. The move was expected since Congress changed the rules allowing government-sponsored corporations, Freddie and Fannie Mae to purchase mortgages to $729,750 in 224 high-cost markets. This should allow … (2 comments)
Will The New Credit Score Changes Hurt You?If you thought you understood how your credit score works, think again. The rules are changing. According to The Wall Street Journal, Fair Isaac which created the popular FICO credit score, is making some adjustments to the way it calculates people's credit scores. And … (2 comments)
I have a very big question that needs to be answered and will be used on a radio show that we will be having.