credit: Credit - 06/03/07 10:06 PM
Home ownership is one of the key ingredients to building wealth in this country. Take any 100 people at retirement age and here is what you will find.
1 in 4 will be wealthy and financially secure
5 will still be working to make ends meet
36 will be dead
… (3 comments)
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credit: 4 In 5 Credit Reports Have Errors - 06/03/07 05:46 PM
4 In 5 Credit Reports Have Errors
(CBS) As consumers, we are often reminded that we should get copies of our credit reports. However, sending away for them is kind of like flossing - you know it's good for you, but it's easy to put off. A new study should shock everybody … (8 comments)
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credit: Alert! Your Name is Being Sold - Take Action Now! - 06/03/07 08:50 AM
Your name is worth everything to you...it's your identity, it's YOU. Here's breaking news you need to know...and you need to let all your family and friends know right away as well.
Few people realize that each time their credit is checked, the information provided to the credit bureaus (Equifax, TransUnion, … (0 comments)
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credit: Pre-Approval Letter Defined - Again - 06/03/07 04:38 AM
I'm starting to see more of a dirty little secret not often discussed in the mortgage and real estate industry. It however is is starting to pop it's ugly head more than usual and I have a feeling our current market environment has something to do with that.
I'm talking about … (8 comments)
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credit: Dealing with Credit Challenges - 06/02/07 06:00 AM
Typically, a person with a bad credit score is in this position because they lack structure in their life. There are, of course, cases where unplanned health or employment complications are to blame, but for the most part, these are individuals who lack the discipline to pay their bills on time … (1 comments)
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credit: REFINANCE BEFORE YOUR ARM ADJUSTS!! - 06/01/07 09:23 PM
Hello everyone,
My name is Amanda Bowser and I am a Mortgage Consultant with Equity Plus, Inc. in Wilmington, De. I work out of my home office in Smyrna, DE and have lived in Delaware all my life. I have been married 13 years and have 4 kids.
I wanted to bring … (0 comments)
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credit: Views You Can Use Newsletter - June 2007 - 06/01/07 03:15 PM
… (0 comments)
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credit: WHAT YOU MUST KNOW ABOUT YOUR CREDIT BEFORE YOU BUY - 05/31/07 09:40 PM
… (0 comments)
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credit: Flexible Loans Benefit Self-Employed & Investment Property Buyers - 05/31/07 01:43 PM
Flexible Loans Benefit Self-Employed & Investment Property Buyersby Frank SchiefelbeinAre you a self-employed business success? Are you in the market for that special second home you've worked long and hard to afford? Perhaps you are thinking about a condominium that will provide you with a vacation destination and rental income? Countrywide … (0 comments)
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credit: What almost nobody knows about credit scores. - 05/30/07 07:35 PM
Let's dispell a credit myth. How important do you suppose paying your bills on time really is to your credit?
Most people are suprised to learn that paying your bills on time is only 35% of your total score. This means that 65% of your score is determined by other factors.
Failing to understand those … (5 comments)
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credit: 5 Factors of Credit Scoring - 05/30/07 04:20 PM
The Five Factors of Credit Scoring
From the desk of Mike Berrios
There are five factors that impact consumer credit scores. They are listed here in order of importance:
Payment History has a 35% impact. Paying debt on time and in full has a positive impact, and late payments, judgments and charge-offs have a … (0 comments)
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credit: The Price is Right: Utilize Your Equity While You Still Can - 05/29/07 11:23 AM
While the stock market can be quite volatile, real estate has proven to be a stable investment over the years. According to the US Department of Housing and Urban Development, real estate prices had an average increase of 56% over a five-year period. Forbes reported an increase of 247% over the … (1 comments)
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credit: The Price is Right: Utilize Your Equity While You Still Can - 05/29/07 11:23 AM
While the stock market can be quite volatile, real estate has proven to be a stable investment over the years. According to the US Department of Housing and Urban Development, real estate prices had an average increase of 56% over a five-year period. Forbes reported an increase of 247% over the … (0 comments)
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credit: Home buyer donts - 05/29/07 09:37 AM
The whole mortgage process may seem a little overwhelming from beginning to end. Processes like this often are, especially when you have so many different entities to deal with.........mortgage broker/banker, Realtor, appraiser, the inspector, the seller, your attorney, their attorney, the title company, the lender ect. As a mortgage broker I … (2 comments)
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credit: Flip This House!.......Or not? Fantasy TV sets ambitious viewers up for disaster. - 05/29/07 07:37 AM
I have continuous opportunities to visit with folks who want to buy homes, do repairs, and sell them for a nice profit in a brief period of time. It is a common ambition now, with the popularity of television shows that show the process as a psycho-drama, with cigar puffing "investors" who strut around preening … (7 comments)
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credit: Start Your Own Credit Repair Company... - 05/28/07 10:58 AM
In the wake of the recent sub-prime fallout, there is a demand for credit repair now more than ever .. Gone are the days of 100% Financing for the borrower that realistically shouldn't approve for 100% financing. Every day you hear of lenders taking away products that were so readily … (5 comments)
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credit: YOUR CREDIT - 05/27/07 09:23 AM
Do you believe most people don't know what is on their credit report? It is very easy to find out. Go to:
https://www.annualcreditreport.com/cra/index.jsp
On this site, you can look at all 3 of your credit reports, free, once a year! You have to pay a small fee to get your actual scores, but … (6 comments)
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credit: Rediscovering FHA - A Few Benefits - 05/25/07 09:30 PM
The are many advantages to providing an FHA solution to a borrower.
These include:
Lower down payment (1.25% to 2.75%). The lower down payment requires a minimum cash investment of 3% which may be a combination of down payment and borrower paid closing costs. FHA loans are not credit score driven - There … (0 comments)
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credit: Getting the Best Interest Rate on Your Home Loan? - 05/25/07 11:13 AM
Getting the Best Interest Rate on Your Home Loan?
A Qualified Mortgage Consultant Can Help Boost Credit Scores
By Frank Schiefelbein, Home Loan ConsultantCountrywide Home Loans
St. Charles, IL - Consumers interested in purchasing or refinancing a home will pay an interest rate based on current market conditions and their ability to pay … (0 comments)
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credit: The Option ARM Is Akin To OxyContin - 05/24/07 09:00 AM
First, the Option ARM IS NOT an inherently evil or bad mortgage product. In fact, for a select group of financially sophisticated borrowers the Option ARM is a great fit, however for the average consumer it is not the appropriate financing vehicle for them to utilize. One of the best metaphors … (6 comments)
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credit: Real Estate Tips: Your Credit Score - 05/21/07 11:18 PM
Facts about your Credit Score, and how do you improve it!
Some time back I provide a series of posts on facts about your credit score. I'm sure there are several posts on credit scores, but I think you will find there is something in this series that you may not have seen … (4 comments)
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credit: What Do Underwriters Really Do? - 05/21/07 03:45 PM
What Do Underwriters Really Do? By Frank SchiefelbeinAsk most people on the street what an underwriter does and you'll get a variety of answers. Some may say " I don't know" or "They underwrite a loan," which essentially gives no information. The dictionary uses the words "to endorse; to sanction or … (1 comments)
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credit: There are four types of people... - 05/21/07 02:43 PM
Over the weekend I came to the realization that there are four types of people when it comes to credit. I think it is extremely important to find out who you are in the mix... Here are the four types:
1. People that think they have great credit, and do have great … (0 comments)
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credit: Are the credit bureaus selling your personal information? - 05/21/07 01:47 PM
Is your mailbox constantly filled with refinance and credit card offers? Did you apply for a home loan and then get bombarded with phone calls from telemarketers offering home financing services? Your credit file may have been sold by the credit bureaus as a "trigger lead". When you, as a potential … (0 comments)
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credit: Credit Tips That Will Score Lower Interest Rates - 05/21/07 12:25 PM
Should I close existing credit card accounts that I don't use?No. Part of your credit score is based upon credit history. If you have old credit cards that you don't use very much, you still have the benefit of the credit history they represent.Rather than trying to pay off all your … (0 comments)
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credit: Alert your name is being sold! Take action today! - 05/20/07 11:31 AM
The latest news about getting your credit checked for a home loan is "inquiry data" that the credit bureaus have on file. This information is being sold by the credit bureaus (after you pay them) to other lending companies, and it allows them to resell your information. Adding to the risk of identity theft and … (0 comments)
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credit: CHECK YOUR CREDIT REPORT REGULARLY - 05/19/07 03:18 PM
Top five reasons why you should reviewing your credit report
1. Inaccuracies & Mixed Credit Files
Many inaccuracies on a credit report can be the result of simple human error, and are therefore are not difficult to dispute. Of course, if you don't order your credit report, you might never know about … (1 comments)
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credit: Subprime Changes the Lending Landscape - 05/19/07 12:25 AM
The effects of the subprime crisis are becoming clearer with each passing day. According to the Wall Street Journal, tightening guidelines and fewer available products are creating challenges for borrowers with credit issues. If you're thinking about taking on or refinancing a mortgage, your credit score will be crucial when it … (4 comments)
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credit: What is "Fair" about "Fair Issac" AKA FICO - 05/18/07 12:05 AM
I hate to admit it but I've been in the mortgage business for a LONG TIME! About 20 years long. (Yea I started when I was 5 , LOL)... Today I read that Fair Issac AKA FICO is changing the way it calculates credit scores. First of all this "Fair Issac" … (4 comments)
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credit: The Five Factors of Credit Scoring - 05/17/07 09:44 PM
MyFico.com has shared information regarding the credit scoring model. Consider these five factors when trying to improve your credit.Payment History has a 35% impact. Paying debt on time and in full has a positive impact, and late payments, judgments and charge-offs have a negative impact. Outstanding Credit Balances have a 30% impact. … (0 comments)
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credit: Facts & Fallacies on Credit - 05/17/07 10:42 AM
Fallacy: My score determines whether I get credit.Fact: Lenders use a number of facts to make credit decisions, including your FICO score. Lenders look at information such as the amount of debt you can reasonably handle given your income, your employment history, and your credit history. Based on their perception of … (0 comments)
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credit: From Bankruptcy to 100% Financing in 24 months! - 05/16/07 09:53 PM
Hamilton, Ontario Canada
I'm sure every Realtor has dealt with a number of clients that would die for the chance to own a home but, they are so bogged down by past debt that it is not an option for them. These customers are not dreamers and they do genuinely want that home. DON'T … (3 comments)
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credit: The Credit Card Companies Strike Again! - 05/16/07 02:35 PM
Hitting Consumers Where It Hurts!!!
When it comes to developing innovative ways of burying consumers in debt, the credit card companies take the cake. According to MSNBC, credit card fees alone have skyrocketed from $2.6 billion to $21.5 billion since 1980. Plus, in addition to late charges, some credit card lenders add … (0 comments)
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credit: Understanding Credit Scoring & Credit Repair - 05/16/07 01:38 PM
Credit remediation is a subject consumers often face with fear and trepidation, and for good reason. With the exception of recognizing that the best score wins, the average home shopper knows very little about the whole credit scoring process. Sub-prime borrowers who are eager to move into A-Paper territory often find … (0 comments)
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credit: Gone in 4 Seconds! - Identity Theft - 05/16/07 11:27 AM
16 May 2007 - Madison, Wisconsin
Our friend Scott Bilker (http://www.debtsmart.com/index.html) had this posted on his website. It's from from Sheriff Ken Jenne of the Broward Sheriff’s Office (Florida) and it's an eye-opener.
Scott is dedicated to helping people control their credit card and consumer debt and has written three books on … (6 comments)
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credit: Dear Loan Officer...Everything you wanted to know about the mortgage process or business but never had someone to ask - 05/16/07 08:55 AM
Have you ever wanted to just ask a simple question or get some advice about the mortgage process, the mortgage industry, a credit situation, or how to deal with a lender related issue? Well here is your chance. With over 23 years of experience as a mortgage banker there's not much I haven't seen. … (10 comments)
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credit: Making your mortgage easier right from the get go! - 05/16/07 08:24 AM
Obtaining a mortgage is a stressful time in a persons life. Most people are unaware of their credit score which makes them uneasy about the whole situation. Although most people know that they have good credit there is still the little voice inside saying;"what if i forgot to pay something" or "maybe i … (3 comments)
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credit: A Pen that can help you protect your Identity! - 05/15/07 11:31 PM
This is an excerpt from the show on ID Scams that was on Oprah - this is the one thing that caught my eye the most, thought i'd mention it here!Shield Your Fortune with a $2 PenAll it takes to empty your bank account is a single signed check stolen from … (8 comments)
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credit: Fraud... Simple ways to protect yourself - 05/15/07 04:29 PM
There's no ironclad protection that guarantees that you'll never fall victim to some form of identity theft. But there are steps you can take to protect yourself, many of which are rather simple:1. Destroy private records and statements. Tear up -- or, if you prefer, shred -- credit card statements, solicitations … (0 comments)
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credit: Credit Bureaus selling our mortgage clients information! - 05/15/07 12:07 PM
As a normal part of applying for a mortgage, a lender will pull your credit in order to pre-approve you for a home loan. This simple act of pulling your credit sets off a trigger at the major credit bureaus to flag your name as a "hot" lead. The bureaus then … (15 comments)
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credit: Going...Going...Gone... - 05/15/07 11:32 AM
I don't know about you, but I will miss Jerry Trupiano. The colorful play-by-play Red Sox radio commentator who coined the well known Boston catch phrase "Wayyyyyy Back...." will not be in the broadcast booth this season. His unique way for calling home runs (or long fly balls that get … (2 comments)
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credit: First step before searching for a home. - 05/15/07 12:39 AM
Before searching for a home.
The first step in starting your search for a new home is having a clear idea of your financial situation. For lenders to verify this information, though, they're going to need to look at your financial records. It is also important to remember that you should include … (0 comments)
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credit: Your Credit Might Not Be As Bad As You Think - 05/14/07 12:00 PM
Many buyers in the Salt Lake City, Utah area have been unsure of their standing in the credit department. This has led them to agree to pay a higher interest rate, convinced that they should, when in reality, their credit may not have been low enough to merit the higher rate.
Those who … (1 comments)
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credit: Protect Yourself From Trigger Leads and Other Credit Invasions of Privacy - 05/14/07 09:33 AM
ActiveRain's Matt Heaton recently posted a great "heads-up" blog article, entitled, "Trigger Leads - There Goes My Privacy, Yet Again".It explains in some detail about when you make a loan application, and the lender pulls your credit history, it triggers notification to the major credit bureaus that you are shopping for a … (0 comments)
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credit: THE HITS JUST KEEP ON COMIN’! - 05/12/07 09:33 AM
But we're not talking about the latest top 40 hit by Mariah Carey!!
It's the FED. The Federal Reserve Board has hiked rates seventeen consecutive times over the past two plus years...and while they've paused in their hiking cycle for the time being, the hits they've given to rates have added up … (0 comments)
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credit: Protecting Your Credit During Divorce - 05/11/07 02:49 PM
By Frank Schiefelbein, Home Loan ConsultantCountrywide Home Loans
St. Charles, IL - When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn't have to change is the credit status you've worked so hard to achieve.
Unfortunately, for many, the experience … (0 comments)
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credit: The Credit Report: 9 Things You Must Know to Get Approved - 05/10/07 02:49 AM
1. Know Your Credit Score. Your credit score is an essential component of having your loan approved. It determines the loan program for which you are potentially qualified. The higher your credit score the better. Be sure to ask your Mortgage Lender for details.2. Always Pay Your Bills on Time. This … (1 comments)
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credit: TEN COMMANDMENTS of CREDIT - 05/09/07 06:16 PM
•1. Thou shall not overextend thy card
•2. Thou shall not be a compulsive charge addict
•3. Know thy credit report
•4. Know thy legal rights
•5. Thou shall not sign a blank charge slip
•6. Know thy account numbers and creditors' names and addresses
•7. Respect thy creditors when you have a problem
•8. Thou shall review … (3 comments)
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credit: Florida Bond Program and Rural Developement Program - Pensacola Florida - 05/09/07 03:46 PM
If you thought buying a home was out of your reach, then think again. The Florida bond program might be just what you are looking for. This program is available to low to moderate income first time home buyers. It is also on a first come first served basis.
Of course your … (2 comments)
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credit: Why Loan Pre-Qualification Isn't Good Enough - 05/08/07 04:59 PM
Utah Homebuyers should be Pre-Approved BEFORE they make an offer.We strongly recommend that all our clients get Pre-Approved for a mortgage so they know in advance exactly how much you can afford and that their loan will go through. It also adds credibility and strength to their offer and is a … (1 comments)
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credit: DIVORCE AND YOUR CREDIT - 05/07/07 11:20 PM
Divorce and Your Credit! When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn't have to change is the credit status you've worked so hard to achieve. Unfulfilled promises to pay bills, the maxing out of credit cards, and … (2 comments)
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credit: VantageScore………….What Is It??? - 05/07/07 04:54 PM
This Post is the last in a three part series of Posts on how Credit Scores are used and developed. The first two were “Credit Scores Where Did They Come From & What Are They???” and “Why Are Credit Scores Different Between Credit Reports & Reporting Agencies”.
VantageScore is a cooperative effort … (47 comments)
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credit: The Foreclosure Crunch - 05/07/07 10:14 AM
This is part Three in a Four part series of articles detailing the changing mortgage market.The Foreclosure CrunchThe Foreclosure Crunch is closely related to the LTV Crunch.In fact, both crunches fuel on each other.I would suggest you first read the LTV Crunch before you dive into this easy concept.Now where to … (2 comments)
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credit: Tips for A Great Credit Rating. - 05/07/07 12:38 AM
There are many ways that you are able to increase your credit score. Making all of your monthly bill payments on time is one way. Keeping the balance of total available revolving debt limited to approx. 30% of your total credit limit is another way.
To increase your credit score you can … (0 comments)
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credit: Mortgage Smarts 101 - 05/06/07 10:06 AM
Perhaps you heard about it in the news. Banks are getting tighter about lending money. This is all related to subprime lending and predatory lenders. Watch out for the rip off artist. They are still out there.
A client of mine recently purchased a home. This client will be making her first payment … (2 comments)
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credit: Credit Suicide - 05/05/07 10:55 PM
Credit Suicide
Few things influence the home buying process more than your credit. I like how Clark Howard refers to the three credit repositories as, "the three screw-ups". There is some validity to that, and hopefully recent legislation will help clean up many of the inaccuracies. Regardless, lenders need a source to … (8 comments)
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credit: Understanding the Basics Of A Reverse Mortgage - 05/05/07 10:44 PM
Understanding the Basics Of A Reverse Mortgage
… (0 comments)
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credit: Credit Scoring, Part I - 05/05/07 12:27 PM
Good Credit Translates into Lower Rates for the ConsumerIn the 1960s, Fair Isaac Corporation started working on a system lenders could use to evaluate the likelihood of receiving repayment on loans. Prior to that, it was really a matter of trusting an individual to be a “man of his word,” so … (0 comments)
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credit: Alternative Credit Reporting for Consumers - Anthem Scoring - 05/05/07 10:38 AM
What is Anthem Scoring and why should you know about it? It's an alternative to "No Credit" or Low FICO scores.
If you have a small amount of traditional credit information, such as credit cards and loans, you have what the industry refers to as a "thin" credit file. In the past, … (7 comments)
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credit: A $3.00 Mistake - 05/04/07 02:11 PM
Everyone makes mistakes. Especially the credit bureaus. Unfortunately, when the credit bureaus make mistakes it can be very costly for YOU, not the credit bureau. This is why it is important that consumers really know what is on their credit reports and monitor it like a hawk. Consumers should get a … (4 comments)
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credit: Protecting Your Credit During Divorce - 05/03/07 03:36 PM
When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn't have to change is the credit status you've worked so hard to achieve.
Unfortunately, for many, the experience is the exact opposite. Unfulfilled promises to pay bills, the maxing … (0 comments)
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credit: Countrywide's "Fast Close" -- Closing Deals in 10 Days or Less - 05/03/07 12:26 PM
Countrywide's "Fast Close" -- Closing Deals in 10 Days or Lessby Frank Schiefelbein
Lending in ALL 50 states.
Timely closings have always been a goal of real estate and mortgage professionals. Today, technological advances and informed clients who demand faster results makes the speed of the deal more important than ever. Now, thanks … (2 comments)
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credit: HTDI Mortgage System - 05/03/07 10:30 AM
Keep track of your clients through automatic email notifications and detailed information on each derogatory item and current status. Submit clients to us easily with a simple lead capture page provided to you in your account. Keep track of prospects that have yet to enroll, and every sales note that our … (1 comments)
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credit: Carl and Joan bought a house with no jobs!! - 05/02/07 03:27 PM
Carl and Joan bought a house with no jobs!!
I know this is hard to believe, but we recently helped a couple who were moving to the Burnaby area to be near their family, but did not have jobs yet....
They had sold their home in Kelowna, and e-mailed us to … (0 comments)
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credit: The Credit Crunch - 05/01/07 03:50 PM
You may hear from time to time about the Transparency of Real Estate.There are people and companies marketing this term daily.It refers to the general idea of the borrower or clients ability to see and know what is happening "behind the scenes".I'm all for that!In the broader sense, I like … (3 comments)
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credit: Common Mistakes In Credit Reports - 04/30/07 03:27 PM
Your accurate information is missing. Small, local creditors may not report to national bureaus. Or, your report could be a partial or fragmented report -- with some of your accurate information linked to one version of your name and address and some of your information only linked to a different version. … (2 comments)
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credit: Credit Report Expiration Guide - 04/30/07 03:12 PM
… (8 comments)
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credit: Why ALL Realtors and Mortgage Lenders need a professional Credit Restoration firm - 04/29/07 02:07 AM
The fact is that there are those people who come to you expecting a miracle. They either don't have the income to support a mortgage, they are too deep in debt, or they just don't have good enough credit. You look at them sadly and tell them that you are so … (0 comments)
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credit: What types of notifications are legal? - 04/27/07 06:12 PM
What types of notification letters are legal?
All collection agents and certain attorneys must comply with section 12 of the Fair Debt Collection Practices Act (FDCPA) which clearly regulates the type of letters and the language that collection agents can use. Section 807 explains what collectors can and cannot do and … (2 comments)
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credit: Listen, is identity theft for real? - 04/27/07 01:19 PM
Absolutely. As you know, I work in residential property management. We process hundreds of applications to rent every year. A large number of them have suffered from identity theft in one form or another. I received this in an e-mail from a friend of mine, and thought I would pass it … (2 comments)
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credit: What is a Credit Inquiry - 04/27/07 10:39 AM
A credit inquiry is an item on a credit report that shows a business with a "permissible purpose" (as defined under the federal Fair Credit Reporting Act) has previously requested a copy of the report.
Not all inquiries count toward your FICO score.
When you check your credit report, you may … (2 comments)
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credit: What to know about "Rate Shopping" - 04/27/07 10:30 AM
Looking for a mortgage or an auto loan may cause multiple lenders to request your credit report, even though you're only looking for one loan. To compensate for this, the score counts multiple auto or mortgage inquiries in any 14-day period as just one inquiry. In addition, the score ignores all … (35 comments)
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credit: One Benefit of Using a Mortgage Broker - 04/26/07 11:18 PM
There are many benefits for using a mortgage broker. One such benefit is that a mortgage broker only need to pull your credit report ONCE from all three bureaus and can work with many lenders with this one-time pull of your report. We do not have to submit multiple times and generate … (0 comments)
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credit: How Inquires are Factored into FICO Score - 04/26/07 05:44 PM
There are five types of information used to calculate a FICO score at any given point in time. Each type of information counts as a percentage of a total FICO score:
These percentages are based on the importance of the five categories for the general population. For particular groups, such as … (15 comments)
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credit: Mortgage News You Can Use - 04/26/07 03:29 PM
April 26, 2007
Rate Watch - Mortgage applications ended their five-week decline last week, helped by a decline in interest
rates. Mortgage applications have slipped in recent weeks, hurt by the recent crisis in the subprime mortgage
sector, which has fueled concerns that lenders may clamp down in loans to borrowers with weak credit.
Borrowing … (0 comments)
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credit: Pay Your Debts and Kill Your Credit - 04/26/07 12:02 PM
I bet I'm not the first person to address this issue with you, dear reader, but it is such an important one for the home shopper that it cannot be over stressed. In a nutshell it goes like this, If you don't have perfect credit to start with, you can make … (12 comments)
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credit: Sorry, I Can't Be Professional For Them! - 04/26/07 11:45 AM
Here we go, a more and more common scenario I've been seeing lately. A young lady called me because the mortgage broker she had been working with a few months ago has closed its doors. She had a whole scenario from them about getting a purchase money loan. It went something … (8 comments)
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credit: Get up to a $10,000 Cash Reward when you purchase or refinance your home. - 04/26/07 09:41 AM
After you have negotiated your best deal, you can still get up to an additional $10,000 Cash Reward when you work with one of our approved Real Estate agents. This is in addition to and ouside of any seller help or cash back you may receive from the sales transaction.
To find … (0 comments)
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credit: SAVE THOSE DEALS YOU THOUGHT YOU LOST - 04/25/07 11:29 AM
That's right. On average, businesses who use our service close up to 29% more deals. By helping your clients get the negative, obsolete and inaccurate items off their credit reports, you'll be closing those deals you thought you'd lost.
I know we will be a powerful team in helping your clients … (2 comments)
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credit: I CAN HELP!! - 04/25/07 11:21 AM
Northwest Business Advisors is a PREMIER Credit Restoration firm, based in the Pacific Northwest. We operate nationally however, helping lenders, realtors, insurance agents, auto dealers, etc. to get their clients in a position to achieve their goals. Unlike credit repair "hit and runners" you see out there, we are fully LICENSED, … (2 comments)
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credit: Credit and Co-signing Advice - 04/24/07 06:07 PM
I want to share a little advice that I think is one of the most important things in the Real Estate and credit game. As I have said in previous posts, credit is the most important thing when it comes to Real Estate finance. One of the biggest mistakes I see … (2 comments)
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credit: Disputing Credit Reports - 04/24/07 04:40 PM
Your credit report is a record of your credit activities. It lists all of your credit card accounts and loans, the balances as well as your payment history. It also shows if any action has been taken against you because of unpaid bills such as a lawsuit or bankruptcy filing. Because … (4 comments)
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credit: Who's Packing Your Parachute? - 04/23/07 11:56 AM
Who's Packing Your Parachute?
Every now and then I hear a story that is so great I just have to pass it on to the people I care about. Here it is:
Charles Plumb was a U.S. navy jet pilot in Vietnam. After 75 combat missions his plane was destroyed … (1 comments)
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credit: Your Credit - 04/22/07 10:10 PM
Managing Your FICO Scores Credit is one of the most critical components in our life, yet the least regulated, and even less understood. More and more, less understood because how you manage your debt affects your credit. Today, credit is measured by a FICO score. It is a snapshot of an … (2 comments)
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credit: Valuable and Little Known Ways to Improve Your Credit Scores ... - 04/22/07 09:55 PM
Valuable and Little Known Ways to Improve Your Credit Scores ... It is becoming increasingly important to have a good credit rating. Just a one point difference such a 679 versus a 680 middle credit score can mean a difference of thousands of dollars of interest costs to you. Even the … (0 comments)
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credit: Don’t Pay Another Cent in Rent To Your Landlord . . . - 04/22/07 02:31 PM
Don’t Pay Another Cent in Rent To Your Landlord . . .
"If you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours."
It’s a dream we all have - to own our own home and stop paying rent. … (2 comments)
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credit: The TRUTH about Credit Repair: Aren't They All Scams or Illegal? - 04/22/07 06:23 AM
This topic is a really hot one right now. People are falling victim to so many scam artists out there who are taking people's money and offering false hope.What is credit restoration? It is a means by which one can have negative information removed from one's credit file by using the … (6 comments)
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credit: What is Credit Restoration and Why Should I Have It Done? - 04/22/07 01:18 AM
Credit restoration is the process by which one can have negative, derogatory, outdated or incorrect information removed from one's credit report. This process is legal and even moral. While there are many scam artists out there who are purporting to be credit restoration specialists, in truth there are VERY few true … (1 comments)
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credit: What If Our Life Was A FICO Score? - 04/21/07 11:44 PM
We all know that a persons FICO score is one of the determining factors of "worthiness" for credit. Payment history, indebtedness, type of credit, length of credit history and new credit are evaluated by a mathematical equation and assigned a number.
That number is very important in the material world. The … (41 comments)
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credit: UNDERSTANDING YOUR LEGAL RIGHTS - 04/20/07 10:28 PM
Know you legal rights when it comes to dealing with debt collectors, and the credit reporting agencies. You have the right to sue...
The Federal Fair Credit Reporting Act (FCRA) is designed to promote accuracy, fairness, and privacy of information in the files of every one of the three major credit reporting … (0 comments)
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credit: Uncontrollable Debt Leads to Poor Health - 04/20/07 10:21 PM
Various studies show that people who have higher debt have a higher level of stress. In other words, our level of stress can be traced right back to the level of debt one has. Marriage and relationships are also impacted due to financial matters. Couples argue more about money than any … (3 comments)
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credit: Multiple Properties and how to manage your debt. - 04/20/07 08:05 PM
et's face it, credit is extremely important in Real Estate finance, and one of the most important, if not the most important factors, is paying everything on time. I am going to give a few tips on how to make managing the payments and keeping that FICO score in 700's to … (0 comments)
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credit: Free Credit Report - 04/20/07 01:52 PM
Get Your Own FREE Credit Report
In today's world...the most important thing you can do for your financial well being is always staying on top of your personal credit situation. It has never been easier to stay abreast of changing credit, and fix problems that may occur before they become … (0 comments)
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credit: How to save thousands of Dollars on anything you want to Finance - 04/20/07 12:21 PM
Wow, Take A Chill Pill!! It is not that bad!
Credit scores have been around for a long time, but it seems that this three digit number that is assigned to each of us, continues it's climb in importance! Employers are using the score to make a hire or not hire decision, … (2 comments)
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credit: Down Payment Assistance Programs - 04/19/07 04:58 PM
Over the past couple years, homebuyers have been able to take advantage of Down Payment Assistance Programs, such as AmeriDream, Neighborhood Gold and many others.
How do they work? For example: a homebuyer is purchasing a home in Tampa for $200,000. As a first time buyer, they didn't already have established credit scores, … (21 comments)
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credit: Common Mistakes Can Lower Your Credit Score - 04/18/07 09:42 PM
Your credit score tells creditors an instant snapshot of your credit worthiness. Think of your credit score as a picture of your credit risk. Not everyone agrees to the fact that we are approved or denied credit based on a "number," but thanks to Fair Isaac & Co, who came up … (1 comments)
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credit: BANK FEES & HIGH INTEREST RATES - 04/18/07 09:11 PM
Getting The Credit You Deserve
By Gabriel B. Avalos
Banks are great at charging high fees, but give us little in return for the money we keep in their checking or savings accounts. This article will give you proven techniques that can potentially save you a ton of money over time, by eliminating … (0 comments)
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credit: Getting The Credit You Deserve - 04/18/07 09:03 PM
Getting The Credit You Deserve
By Gabriel B. Avalos, Trusted Advisor
Tip #1: Know your score
People like you and me applying for a mortgage or a car loan are nothing but a "number." A credit score in other words. And even though you may be a fine citizen and pay just about every … (2 comments)
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credit: Six Tips for Moving Singles from Renters to Home Buyers - 04/18/07 02:48 PM
Six Tips for Moving Singles from Renters to Home BuyersBy Frank Schiefelbein
One of the many hats you wear as a real estate professional is that of an educator and a valuable source of information. People often fear what they don't understand, especially the seemingly complicated process that parallels a home purchase. … (4 comments)
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credit: Need help with Credit??? - 04/18/07 01:23 PM
Check out my blogs and see how Ramaj Credit Restoration can help you achieve credit worthiness!! We diligently work on your credit file and gurantee you will have deletions!! How does it feel to know every piece of your mail item is sent CMRR?? We make the credit bureaus, original creditors … (0 comments)
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