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Blog entries tagged with "credit":
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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.
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www.wereportrent.com is a service where renters can get credit for making their home rental payments on time. 
What do you know about building business lines of credit and using them for buying real estate? It's much easier than what you think and there are multiple ways to do it. Whether you're purchasing Detroit real estate outright, funding your rehab of foreclosure properties or funding your investment property business, … (2 comments)
… (0 comments)
Credit Restoration Consultants (CRC), a credit service organization specializing in the restoration of consumer credit worthiness and identity theft, has once again returned to the Starlight Greater Open Golf Tournament as the presenting sponsor. Having surpassed its 2007 goal, CRC pledges even more support for 2008!
Market Commentary
The Real Place to Go for 
Realtors list of questions to ask the banker of broker
Here's breaking news you need to know ... and you need to let all your family and friends know right away as well.
How many agents are using "The Nehemiah Program" and are they using other programs like "keys for less"
Having a pre-approved mortgage will give you the confidence of knowing exactly what you can spend on a home, BEFORE you start looking. Having a pre-approved mortgage will also protect you against interest rate increases, while you're looking.
1. Always make payments on time. 35% of your credit score is based on credit history.
2. Only apply for credit when you need it.
3. Check your credit regularly. The three reporting repositories offer one free credit report per year to every American (keep in mind that this does not … (0 comments)
DON'T APPLY FOR NEW CREDIT OF ANY KIND
I came across this excellent article from one of the blogs I frequent - By Elizabeth Weintraub, on About.com. It spells out how financial organizations see a short sale and gives some really good advice when you end up working with one of these homes. Even after reading this article tread … (7 comments)
Know a kid looking to pick up a little cash?
Gain a
better understanding of the factors
Tax Credit Would Get Buyers Off Fence A temporary tax credit would be the best incentive to move hesitant home buyers into the market, the NATIONAL ASSOCIATION OF REALTORS® told Congress on Thursday. NAR said the tactic has been successful before; A 1975 temporary tax credit helped to "clear an over-supply … (1 comments)
What Interest Rates Really Mean 
Looking for a mortgage or an auto loan may cause multiple lenders to request your credit report, even though your only looking for one loan. To compensate for this, the score system ignores all mortgage and auto inquiries made in the 30 days prior to scoring. So if you find … (2 comments)
Over the past decade, consumer advocates have worked hard to help consumers better understand what credit is and how to handle it in order to improve their credit positions.A recent quiz on credit, released by Credit Plus, a Maryland-based credit services firm, can help consumers better understand other issues that can … (1 comments)
Have bad credit? Need credit repair? Care to repair your own credit or even hire a credit service organization? Before you do so, you should tune into the Credit Restoration Consultants Hour with credit repair expert Bill Lewis. Bill can be heard weekday's on the 9's - both 9:00 a.m. and … (2 comments)
What is a short sale? Have you ever heard the term "Short Sale?" Is that a home that is only listed for a month or is the owner less than five feet tall?
How to Build Business Credit to invest in real estate
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So you think you’re ready for your own piece of the American dream – ready to have a place you can call your own? Maybe you’ve had it with the noisy people in the apartment above you. Or maybe you’re tired of writing out rent checks month after month and you … (0 comments)
A high credit score establishes a person's capability to secure loans and meet payment obligations on schedule. Based on the commonly used credit scoring system developed by Fair Isaac Corporation (FICO) back in the 1960s, credit score is determined with the following considerations:
After so many years of qualifying mortgage clients by the same rules our fathers, or Grandfathers played horseshoes, many loan originators have never had to actually meet strict numbers!
Many homebuyers often wonder if shopping for a home loan will affect their credit each time a lender pulls their credit report. 
In early March I was struck by an idea that I thought could greatly ameliorate the current mortgage / housing / credit problems currently having their impact on our country and economy. I wrote something up, showed it to a few people. They suggested areas that needed to be addressed. I … (4 comments)
Guess What Number Could Doom Your Loan Now (Hint: It's Not Your Credit Score)
Wow. What a crappy thing to have happen to you. Wednesday night/Thursday morning I woke up at 3am with that "something isn't right" feeling. Then I realized the time and thought I had a bad dream... or, perhaps it was just simply being awake at this time that "isn't right". That … (68 comments)
As I sat here this week working with clients, friends and family members, I came to the realization that in most states, including Nevada, there is not much benefit for an individual to short sell their home. Now please let me qualify this, before you all send me hate mail.
Big changes at are coming...
Yahoo Article "5 new rules for home buyers"
Rates remain affordable!
Have you ever heard the saying don't lend money to a friend or a relative unless you never plan to see it again? What about co-signing on a car, boat or now even a house? I always warn people of this and despite my best efforts, they say it will be … (5 comments)
The phenomenon gained popularity first in California, where many new trends seem to begin. With one of the highest foreclosure rates in the nation, many people are choosing to Walk Away from their properties when other alternatives to stop foreclosure have failed. An analysis of the situation reveals that many are … (5 comments)
Mortgages are significant loans or credit facilities that hold property or home assets are securities. The mortgage system works this way: when the borrower fails to settle the amount he is supposed to repay over a specified period of time, the lender would be authorized to legally own the collateral. The … (3 comments)
*Pay all accounts on time and make sure you do not go past 30 days late*Avoid allowing any accounts to go into a collection status*Never max. out your credit cards*Keep you balances to <40% of your credit limit on revolving credit *Establish a history of credit and do not close old accounts
Take a major international credit card company I’ve recently reluctantly been communicating with.
I don't want to sound like a broken record, but with the current status of the economy, job losses, rising gas prices, shaking real estate market, and lots of financing institutions going belly up, it bears repeating the benefits of FHA financing.
… (1 comments)
I didn't realize that you had money to throw away during these almost $4.00 per gallon gasoline days. But from what most of you are telling me you do. Congratulations you are richer than I am.What am I talking about? I am talking about your desire to buy a home in … (0 comments)
You would probably have to have been living on a remote desert island for the better part of two years to not see any signs of the slowdown in the economy of the United States. Since August of 2007, the real estate market has been reeling from plummeting house prices, due … (3 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 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)
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.
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 Reed
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:
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)
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."