poor credit: The High Cost of Poor Credit - 05/15/08 02:20 PM
With lenders reverting back to more traditional type of lending and underwriting guidelines becoming stricter, now more than ever your credit score is becoming increasingly more important.
Your credit scores are becoming increasingly more important in a wide variety of areas. Credit card companies can increase your interest rate and
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poor credit: Considering Co-Signing For A Home Loan? Think About It First ... - 05/05/08 10:55 AM
As mortgage lenders limit how much money they will lend and to whom, co-signing home loans is growing in popularity.
"Co-signing" a home loan is when a third-party -- usually a parent or relative -- promises to make repayments to the bank in the event that the borrower falls behind on
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poor credit: 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
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poor credit: FHA mortgages are not just for First Time Homebuyers....... - 04/26/08 06:12 PM
FHA mortgages are not as complex as many make them out to be. They are not the next subprime mortgages. FHA loans have been around since 1934, while subprime mortgages started to come into full force back in 1994. Lastly, just because someone said that they can qualify you for
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poor credit: Before Co-Signing For A Mortgage, Consider The Deeper Implications - 04/23/08 09:57 AM
As mortgage lenders limit how much money they will lend and to whom, co-signing home loans is growing in popularity. "Co-signing" a home loan is when a third-party -- usually a parent or relative -- promises to make repayments to the bank in the event that the borrower falls behind on his obligations. Money
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poor credit: High Interest Home Loan - What Seems Crazy To You And Me Might Just Be Acceptable To Our Clients! - 04/12/08 11:02 PM
I had to stop myself from preaching to my client the other day. My client’s poor credit score resulted in his mortgage broker working hard just to find him a loan that would have you and me running for the exit! I realized that he was well aware of his
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poor credit: Do you give free advice? - 10/13/07 02:06 PM
Is your money tree bare at times for giving free advice? I am sure many of us have done this from one time or another. I just hope you don't do it often. It can have an affect on you. Sure, we all need to make a living. And I
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poor credit: Thank you everyone for the free Mortgage and Real Estate resources.... - 10/10/07 01:05 PM
I just wanted to take a second to thank everyone for the time they spend in formulating educated blogs for all of us "newbies" to learn from. While I thoroughly enjoy many of the "filler" blogs that are posted on Active Rain...it's nice to actually walk away from the computer with more than you
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poor credit: Is Rent-to Own just another "fill-in-the-gap" trend? - 10/10/07 12:59 PM
In these difficult times, we've found it very useful to partner up with Rent-to-Own companies in trying to find future clients. Creativity is huge in solving problems as we all know...and by creating a niche we have sustained our flow of loans while supplementing our income with a kick-back from our
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poor credit: Credit restoration....good or bad? - 09/14/07 11:40 AM
Is it a better idea to accept the financing that you currently qualify for, or enter into a credit restoration program and wait a few months for your credit score to improve to then get a substantially better interest rate? How much lower of an interest can be achieved with
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poor credit: Poor credit? Bankruptcy? Foreclosure? Repossession? - 09/06/07 10:37 AM
Don't let imperfections in your credit history prevent you from buying the home you've always wanted. We have over 1200 different loan programs available to help qualify good people (such as yourself) for smart and responsible loans...regardless of past credit history. It's no secret that some of us run into difficult times
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poor credit: Zero Down Financing - 09/06/07 09:58 AM
Don't let a lack of down payment money prevent you from finding the home of your dreams, we can help. Global Housing Services works with over 300 lenders to provide a spectrum of financing options that can easily accommodate those who do not have the money typically necessary to buy a home.
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poor credit: Quit turning away qualified buyers! After reading this you may have 2-3 sales that you thought were dead! - 08/15/07 12:57 PM
Many people are under the impression that here at Chase we are feeling the drastic effects of subprime delinquencies. We are still moving forward in todays market and we accept the challenge of picking up where other top players fell short. Below you will find several reasons why Chase is Different
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poor credit: Creative Mortgage Financing -- Little or no mortgage payments? - 07/26/07 12:37 PM
First time homebuyer's, what a great way to get into your first home with little money out of pocket. And possibly little or no mortgage payments. If you aren't worried about living with your tenants, how about looking into a duplex, triplex, or a four-plex. There are several types of loans
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poor credit: How Credit Scores affect your Mortgage - 01/24/07 08:53 AM
The two major unknowns of the loan process are whether you will get approved, and at what percentage rate. Both of these depend primarily on your credit. The better your credit, the better chances of approval at a low rate. But what exactly is good credit? What's the difference between A
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poor credit: How Good are the "B" Lenders? - 12/10/06 10:49 AM
I have had some bad experiences lately that I really want to share with consumers and Colleagues. As a Realtor when I have a business I always try to help my clients to get their mortgages so they can buy their houses. However, as all you know some cases are difficult
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poor credit: To Lease Purchase or to NOT Lease Purchase - 09/14/06 01:19 PM
In recent years in Texas, the format of a Lease Purchase has been under attack. For rightful reasons in many cases. There were plenty and probably still are, many "investors" that preyed upon people with bad credit, bad situations, and illegal aliens. Promising them they could own a house through lease
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poor credit: Credit Restoration Program - 08/29/06 04:07 PM
Now Offering a Credit Restoration program - lose LESS clients. Potential homebuyers with less than perfect credit can increase their cedit scores an average of 60 to 100 points - making it so much easier to get a mortgage. Clients can do just credit restoration program or combine it with our Preferred
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poor credit: Wishing We Could Help Everyone! - 08/12/06 04:56 PM
The most rewarding experience I have ever had is the ability to see a need and fill it. Yet, I can say the most upsetting part is having a client that needs so much help and you are unable to assist them. It seems that these people need the most assistance
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