fico scores: FHA Loans - FHA Mortgages -- What's behind the credit score.... - 04/29/08 03:24 PM
Credit scores..... aka fico scores. I am a firm believer that you can't believe in everything that you read.
As you can see the illustration to my left, that it states that the average credit score is 678. I have a hard time believing this and just talked to a … (11 comments)
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fico scores: The Fed is Meeting Today and Tomorrow - What's it Mean to You? - 04/29/08 11:00 AM
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)
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fico scores: Cleaning Up Your Credit - 03/18/08 03:44 PM
So, you want to improve your credit scores? It can be done.Recently, I embarked on seeing what the effects would be on my credit scores by simply requesting my credit report and then disputing the many inaccuracies found. I was amazed, within five months my score had moved up almost 70 … (0 comments)
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fico scores: "Do's" to Raise Your FICO Score - 03/16/08 01:55 PM
Pay your bills on time. Delinquent payments and collections can have a major negative impact on your BEACON®, FICO® and EMPIRICA® score. · If you have missed payments, get current and stay current. The longer you pay your bills on time, the better your BEACON®, FICO® and EMPIRICA® score.
· If you are having … (2 comments)
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fico scores: "Do's" to Raise Your FICO Score - 03/16/08 01:54 PM
Pay your bills on time. Delinquent payments and collections can have a major negative impact on your BEACON®, FICO® and EMPIRICA® score. · If you have missed payments, get current and stay current. The longer you pay your bills on time, the better your BEACON®, FICO® and EMPIRICA® score.· If you are having … (1 comments)
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fico scores: Creating A Workable Budget for Yourself - 03/16/08 10:56 AM
How to establish and keep a budget Many people think that sticking to a budget means they won't be able to have the things they want. In fact, the opposite is true. A budget can help you preserve your lifestyle AND pay off debt while saving for the future. But if … (2 comments)
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fico scores: Creating A Workable Budget for Yourself - 03/16/08 10:54 AM
How to establish and keep a budget Many people think that sticking to a budget means they won't be able to have the things they want. In fact, the opposite is true. A budget can help you preserve your lifestyle AND pay off debt while saving for the future. But if … (1 comments)
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fico scores: 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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fico scores: 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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fico scores: 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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fico scores: 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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fico scores: New changes for Credit Scoring (If your in real estate you must read this!!!) - 01/11/08 09:12 AM
How is FICO 08 going to affect you?? Fair Isaac Corporation, the company that cooks up credit scores for millions of Americans is changing its recipe and that could affect how easily you get credit in the future.As the maker of the popular FICO credit score used by most lenders, Fair Isaac … (11 comments)
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fico scores: Do Houses Get Sold in the Last 3 Weeks of the Year in San Mateo? - 12/11/07 02:05 AM
EEK, the year 2007 will end in 3 weeks! Does anyone buy a house during this time? Well yes, they do and if you are in the market to buy a home, it's a great time to do it. But, if your house is for sale, don't forget to keep it … (2 comments)
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fico scores: Risk Based Pricing Means Rates Will Go Up for Many Borrowers - What You Can Do Now to Get The Best Mortgage Interest Rate - 12/01/07 10:34 AM
There is a new change in the mortgage market that will affect anyone who is looking for financing, whether for a purchase or a refinance. It is called Risk Based Financing, the idea that those borrowers with the best credit scores will be able to get the best mortgages rates, and those … (1 comments)
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fico scores: FREE Webinar- Credit Demystified - 11/26/07 08:05 PM
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fico scores: FREE Webinar- Credit Demystified - 11/26/07 08:04 PM
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fico scores: FREE Webinar- Credit Demystified - 11/26/07 08:03 PM
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fico scores: FREE Webinar- Credit Demystified - 11/26/07 08:00 PM
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fico scores: FREE Webinar- Credit Demystified - 11/26/07 07:58 PM
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fico scores: Are You Planning to Buy a Home? Plan ahead - 11/26/07 10:05 AM
I got a call yesterday from a prospective buyer, a first time home buyer who had just found his dream house. It was a referral and this was the first time I had talked with him.
We went over all the normal mortgage pre-qualification questions, and things were looking good. He was … (0 comments)
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fico scores: An Update on Credit Score Piggybacking: Your Scores May Tumble - 11/22/07 02:35 PM
Last June I wrote an article entitled Is This The End of Credit Score Piggybacking? That article discussed the renting or selling of credit scores by good borrowers to fake good credit scores for bad ones. The practice of piggybacking credit has been used by parents to help their kids develop … (3 comments)
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fico scores: How to Understand Credit and Improve Your Credit Score - Part 2 - 11/20/07 11:51 PM
With all the changes in the mortgage market, having good credit is more important than ever. In the first installment of this series, How to Understand and Improve Your Credit Score - Part 1, I gave an overview of the credit market. This installment we will go over Fico scores, one of … (6 comments)
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fico scores: Complimentary Webinar- Credit Education - 11/20/07 05:11 PM
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fico scores: Complimentary Webinar- Credit Education - 11/20/07 05:10 PM
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fico scores: Complimentary Webinar- Credit Education - 11/20/07 05:10 PM
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fico scores: Complimentary Webinar- Credit Education - 11/20/07 05:09 PM
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fico scores: Complimentary Webinar- Credit Education - 11/20/07 05:09 PM
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fico scores: How to Understand Credit and Improve Your Credit Score - Part 1 - 11/15/07 12:28 PM
Are you looking to buy or refinance a house? How is your credit? Credit has always been a big factor in qualifying for a loan, but with recent changes in the mortgage industry, the underwriting is stricter and a good credit score is now more important than ever. This is a big … (3 comments)
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fico scores: FREE Credit Education Webinar - 11/10/07 10:55 AM
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fico scores: FREE Credit Education Webinar - 11/10/07 10:55 AM
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fico scores: FREE Credit Education Webinar - 11/10/07 10:54 AM
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fico scores: FREE Credit Education Webinar - 11/10/07 10:53 AM
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fico scores: FREE Credit Education Webinar - 11/10/07 10:52 AM
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fico scores: FREE Credit Education Webinar - 11/10/07 10:51 AM
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fico scores: FREE Housing Resource Fair for Contra Costa County residents - 11/10/07 03:07 AM
The Mt. Diablo Housing Opportunity Center (http://www.mtdhoc.org/) is offering a FREE housing resource fair on Saturday, November 10th from 10am to 3pm. Official representatives from local cities will be on hand to provide information about housing programs in Concord, Walnut Creek, Pleasant Hill and Martinez. You'll be able to also find … (0 comments)
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fico scores: 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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fico scores: Breaking Down the Fico Score - 11/07/07 11:33 AM
There have been literally millions of words written on credit scores and most break down your FICO score into percentages, but what does say 35% of your score really mean. Lets break it down into the 5 Categories that make up your FICO Score. We will use 850 as the perfect … (0 comments)
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fico scores: 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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fico scores: We Have Removed Mortgage Lates in as little as 30 Days - 10/31/07 08:28 PM
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fico scores: We Have Removed Mortgage Lates in as little as 30 Days - 10/31/07 07:56 PM
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fico scores: We Have Removed Mortgage Lates in as little as 30 Days - 10/31/07 07:56 PM
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fico scores: We Have Removed Mortgage Lates in as little as 30 Days - 10/31/07 07:52 PM
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fico scores: 82 Point FICO Score Increase in 8 Days! That's Right... Click Here - 10/29/07 06:25 PM
After a complimentary credit analysis, we structure a game plan and time frame to remove the negative items being reported by the 3 major credit bureaus (Experian, TransUnion, and Equifax). We immediately begin working directly with the 3 major credit bureaus and the individual creditors that are reporting negative items on a particular … (7 comments)
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fico scores: 82 Point FICO Score Increase in 8 Days! That's Right... Click Here - 10/29/07 05:47 PM
After a complimentary credit analysis, we structure a game plan and time frame to remove the negative items being reported by the 3 major credit bureaus (Experian, TransUnion, and Equifax). We immediately begin working directly with the 3 major credit bureaus and the individual creditors that are reporting negative items on a particular … (0 comments)
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fico scores: 82 Point FICO Score Increase in 8 Days! That's Right... Click Here - 10/16/07 04:26 PM
After a complimentary credit analysis, we structure a game plan and time frame to remove the negative items being reported by the 3 major credit bureaus (Experian, TransUnion, and Equifax). We immediately begin working directly with the 3 major credit bureaus and the individual creditors that are reporting negative items on a particular … (0 comments)
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fico scores: 82 Point FICO Score Increase in 8 Days! That's Right... Click Here - 10/16/07 04:23 PM
After a complimentary credit analysis, we structure a game plan and time frame to remove the negative items being reported by the 3 major credit bureaus (Experian, TransUnion, and Equifax). We immediately begin working directly with the 3 major credit bureaus and the individual creditors that are reporting negative items on a particular … (5 comments)
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fico scores: Beware- Prequalify Your Buyer's Credit Worthiness First - 10/13/07 11:24 AM
In todays turbulent real estate market, it is more important than ever to prequalify a buyer's credit worthiness. Many banks have raised their FICO score requirements so drastically that most buyers don't stand a chance. In fact, the average would-be buyer will need a minimum FICO score between 680-700 in order to qualify for a home loan. … (1 comments)
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fico scores: Increase Your Clients FICO Scores up to 100 Points in 45 Days - 10/12/07 08:59 PM
Increase Your Clients' FICO Scores up to 100 Points in 45 DaysFinancial Solution Services, Inc.provides realistic strategies to quickly increase your clients' FICO scores and help you close more transactions. We have been successful in raising clients' FICO scores as much as 100 points in a 45 day period. By providing your … (3 comments)
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fico scores: FICO Scores -- An Introduction - 09/26/07 08:50 PM
The FICO Score is a score assigned by the credit reporting agencies that summarizes their view of how trustworthy (creditworthy) we are. The score varies depending upon our credit limits, debt load, payment history, number of lines of credit, etc.
View Lincoln Square Real Estate For Sale
Credit Score (also known as … (0 comments)
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fico scores: Bank policy or just buyer discrimination? - 09/25/07 07:01 AM
I have been searching for an affordable home for my buyers. They are first time buyers and they are very gun-ho to move forward into the next faze of their young lives. We spent the past weekend looking and they found a few of interest but it really didn't seem … (13 comments)
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fico scores: 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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fico scores: 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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fico scores: Are you in it for the long haul? - 08/10/07 12:38 PM
Alan Mills posted a blog where he helped someone raise their credit score quickly and for only $35. That begs the questions....How many agents and lenders really take the time to educate and help their clients even if it means waiting a while to buy a home. As agents we need … (10 comments)
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fico scores: The Consumer Credit Bureaus are NOT your Friend - 07/20/07 02:35 PM
Perhaps one of greatest marketing geniuses of our time is the marketing guru who came up with the names -
Consumer Credit Bureaus and Fair Issac.
The very names imply that the the information provided is fair and that the credit bureaus are consumer friendly and ready to advocate on the side of consumers. … (2 comments)
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fico scores: 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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fico scores: FICO Scores - What you should know! - 06/25/07 09:37 AM
FICO Score and what you should know.
There are alot of factors that your credit score gets based on but the top six killers are:
1. High balance. - "Johnson estimates that you lose 1 point for every percent of your credit limit that you use. So if you have a … (7 comments)
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fico scores: Credit Repair Agencies - Increase your FICO Scores for better rates. - 06/18/07 12:21 PM
I wanted to do a little research and see if anyone here has used a "credit repair agency" in the past and if so what kind of results your experienced?
I was introduced to a guy last week Mark Dorman with Credit Restore Team and he really seemed to have a handle … (4 comments)
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fico scores: 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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fico scores: Your Credit Report - Scoring and Repair - 06/02/07 11:33 AM
Your Credit Report – Scoring and Repair
By Galel Fajardo
When it comes to the terms “credit reports,” “FICO scores,” “late payments,” or even worse, “mortgage late,” consumers run away. It’s a tough subject – even if you have good credit, simply because hardly anyone knows what factors create … (3 comments)
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fico scores: FICO credit scoring vs. Mortgage rates - 06/01/07 12:40 PM
Credit Scoring vs. Mortgage Rates
Many lenders are tightening guidelines making it more difficult to qualify for some mortgage programs. It's a good idea to know you credit score. Low scores cost you money in higher interest rates & lost opportunities.
There are three credit reporting agencies independently tracking your credit history. TransUnion, … (1 comments)
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fico scores: Mortgage Rates are Up...Smile it's "Good" news... - 02/08/07 12:40 AM
A lot of my clients ask me... "Keith, why do rates fluctuate on a daily basis?" ...A lot of people ask me this with a lot of suspect...Some are very skeptical, that somehow, I am not being completely forthcoming with the rates I have on a particular day since I can … (5 comments)
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fico scores: Top 5 Ways to Instantly Boost Your Credit Scores - 01/10/07 02:07 PM
(When I wrote this, it wasn't intended for this site because most of you already know this. However, I decided to post anyway because it might benefit less experienced LO's or Realtors. Please let me know if there's anything you think I missed in this article. -Thanks) Believe it or not, some … (6 comments)
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fico scores: Short Sales vs. Foreclosures: Your Credit Will Suck Either Way - 12/24/06 10:44 AM
I get a lot of calls these days from real estate agents wondering what effect a short sale or deed in lieu of foreclosure (DLF from here forward) will have on borrowers’ credit. That is a really important and interesting question, since the last real estate downturn preceded the widespread use … (5 comments)
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fico scores: Quick I need a better score....what to do in a pinch - 12/18/06 05:46 PM
I've been working with credit reports for over 15 years now. There are some basic steps you can take to improve your credit quickly. Sometimes it's simple, but often in can seem mysterious and sometimes down right depressing.Here are a few quick tips to get those scores soaring... If you need 20 … (55 comments)
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fico scores: The Truth! YOU Can't Handle The Truth - 11/07/06 09:03 PM
Well the last time I told you I wouldn't Rant and Rave about the credit bureaus. Well I lied to you. But not to the extent that the credit bureaus will try to deceive you. I'll bet like most of us you think that if you have a credit card with … (3 comments)
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fico scores: What the Credit Reporting Agencies DONT Want You To Know!! - 11/07/06 12:35 AM
One of several blogs that I will be posting will be what your 4 favorite repositories do not want you to know! A common story I often tell is how I went through public school as well as our higher learning institutions with no training what so ever as far as … (1 comments)
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fico scores: As a Real Estate Agent, What Do my Borrower's FICO Scores Mean To Me - 09/08/06 04:37 PM
As a Realtor, What Do My Borrower's FICO scores mean to me? Understanding credit and FICO scores.1. Each individual has 3 scores reported by 3 different credit bureaus; Equifax, Experian, and Trans Union.2. Scores ranch between 350-850 or 300-900. 620 is considered the norm. Anything above a 620 is much easier … (5 comments)
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