Hi Tracy,

We are not licensed in CA, but I do have an affiliate that is, so we would be able to get them done for you.

Dave,

Thanks for the comment and suggestion. You are correct, the belt is getting much tighter. Items that will help get damaged credit clients approved are a list of assets, 401K, stocks, Bonds, Jewelry, Automobiles, Checking and Savings account. The more assets you can list, it shows reserves and that is an important part. Debt to income ration needs to be below 55% in most cases. We have seen an approval with a 64%DTI but that is an exception not the rule. rates on these 30 year fixed program average between 7.5% and 9% with PMI. We have a a new lender that is offering Lender paid PMI on these programs but I am not sure yet on what the bump to the interest rate will be for that.

 If your client has numerous colletions that are small $10 - $200 get them paid and updated on the credit reports. Most people do not know this, but there is a 7 year statute of limitation on collections. If the original Date of last activity on the original creditor is over 7 years old, you can have it and all of the corresponding collection agency items completely removed from your credit report. You clients can do this themselves quickly and for free. Rapid rescores can be done in 3-5 days or if you wait for the normal process it will take 45-60 days.

If anyone has any questions on any of this please feel free to contact me. I have a full credit repair package I give to many of my clients that explains step by step how they can repair their credit themselves for free in 45-60 days.