credit information: Clients, Bad Credit and Realtors - 06/19/08 05:50 PM
I have had some phone calls about this and how to help, so I thought I would re-post for the general public... =-=-=-=-=-=-=-=-=-=-=-=-=I have had my phone ringing off the hook over the last few days, and not because anyone wants to buy or sell a house, and not because anyone … (2 comments)
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credit information: Do you have a Home Equity line of Credit? What you dont know cold hurt you - 02/13/08 02:40 PM
There's a growing trend among lenders that I feel compelled to tell you about.
Several major lenders are freezing withdrawals from Home Equity Lines of Credit (HELOCs) - and I don't want you to be caught off guard by this development.
Don't Get Burned by the HELOC Freeze
HELOCs, though secured by your real … (3 comments)
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credit information: Life after bankruptcy - 02/11/08 08:40 PM
"Can I get credit after bankruptcy?" A question I am frequently asked right after I have had to decline their mortgage application. You can get new credit after bankruptcy. The ONLY thing standing between you and good credit after bankruptcy is not knowing what steps YOU should take next. Today, so … (1 comments)
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credit information: Credit Myth #2; A Secured Credit Card will Improve my FICO score - 02/09/08 07:36 AM
Credit Myth #2
A secured credit card account will improve my credit score.
I have seen recent phenomenon where borrowers are told by loan officers to open a secured credit account to establish a positive credit history. Unfortunately, often times, they cause more harm to your credit score than they … (1 comments)
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credit information: Credit Reporting 101 - How Much Do You Know? - 01/29/08 08:49 PM
I received an invitation to take this quiz so i thought i would pass it along....I received 100% but I was actually a little nervous that I wouldn't..How well did you score?
Have credit questions of your own, post them here and I will do my best to answer them. If they … (3 comments)
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credit information: Buyers need to understand credit and how it works....many don't have the faintest! - 12/09/07 07:57 AM
How many of us have had customers come in who are shopping for housing who have not yet pre-qualified?
Of course we prequal them ourselves to determine their buying capabilities, suggest that they work with a local lender to get a prequal letter (sometimes even getting them on the phone with a … (4 comments)
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credit information: Give Yourself Some Credit: Easy Ways to Score Points with Underwriters - 11/09/07 07:49 AM
We all know the phrase "buy low, sell high." Many of you may be wondering if now is the time to "buy low" in the real estate market. Prices are down, inventories are up, and interest rates are near historic lows.
Today we are going yo look at how a smart investor or homeowner … (0 comments)
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credit information: Credit Myth #1; "If you pull my credit it will lower my credit score" - 11/06/07 09:30 PM
As a mortgage lender one of the most frustrating part of my job can be whe a customer calls or meets me and expects for me to give them a Good Faith Estimate (if you are a reader of my blog, you recall that a Good Faith Estimate withour a corresponding … (5 comments)
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credit information: Credit Repair or Self-Help; You decide which is best for you. - 09/13/07 07:17 PM
Thursday, September 13, 2007
Over my tenure as a mortgage professional, I have searched time and again
for a place to assist my clients in credit remediation. One problem associated
with this subject is your credibility. I wanted to avoid aligning myself with
someone who could potentially damage my … (0 comments)
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credit information: Credit Tips That Will Score Lower Interest Rates - 08/21/07 07:12 AM
… (1 comments)
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credit information: Credit Scoring, What is means to you as an American - 08/20/07 07:15 AM
The subject of credit scoring has become an increasingly hot topic, and for good reason. For many years, the general public only associated the concept of credit scoring with the need to purchase high-ticket items such as a new car or a home.Today, credit scoring goes much further. Your credit score … (4 comments)
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credit information: Tips for Home Buyers: PRACTICAL TIPS FOR IMPROVING YOUR CREDIT SCORE - 06/27/07 08:23 PM
ADDITIONAL TIPS FOR IMPROVING YOUR CREDIT SCORE In addition to the logical things that affect your credit score, like late payments, collection accounts, and number of accounts open, number of inquiries, etc., there are 3 areas that DO affect your score. The bureaus will tell you this does not; however, when … (8 comments)
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credit information: Tips For Home Buyers; Credit Repair: Self Help May Be Best - 06/20/07 07:46 AM
There have been a lot of companies popping up lately with promises of repairing credit. In my opinion, as long as they make no promises of results, and doesn't charge an unreasonable amount of money, they probably are worth the fees. The question in my opinion is; how much is YOUR … (5 comments)
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credit information: Tips for Home Buyers; What is a credit score? - 06/13/07 07:51 PM
What is a credit score? Before deciding on what terms lenders will offer you on a loan (which they base on the "risk" to them), they want to know two things about you: your ability to pay back the loan, and your willingness to pay back the loan. For the first, … (0 comments)
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credit information: Tips for Home Buyers; Clear Up Your Credit Errors - 06/07/07 07:25 PM
Clear Up Your Credit ErrorsIf you are planning to purchase or refinance a home, your credit report plays an important role in the mortgage process. Here are a few tips for soon-to-be mortgage applicants.Take an Early Look at Your Credit DataThere are three major credit "repositories" that gather financial information from … (0 comments)
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credit information: Credit Myth #4 - 03/12/07 02:42 PM
Credit Reporting Agencies verify and edit all of the information they receive for accuracy.
Fact: They don't verify or edit anything. That's not their business. Their business is gathering information, not verifying information. More importantly, you need to know that they really don't care about you at all.
In fact they … (0 comments)
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credit information: Home Mortgage Customers Beware! You're Credit Information May Be Sold! - 11/30/06 07:51 PM
When a prospective borrower fills out a 1003, their credit gets pulled. When this happens it creates a mortgage credit inquiry event to be flagged on the borrower's credit record. Now what happens from there has some troubling aspects. First of all, the lender who is initially seeking your business is paying for … (1 comments)
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