credit: Just Like Your Underwear: Credit Needs to be Freshened-Up, Scrubbed, Updated, Fluffed & Changed
- 04/18/14 02:35 AM
Just Like Your Underwear:
Credit Needs to be Freshened-Up, Scrubbed,
Updated, Fluffed & Changed Everything needs to be "freshened up" once in a while. It needs to be given a trim. Updated. Fluffed. Scrubbed-up. Changed or re-arranged.
Credit is no different ...
But stop and think. When was the last time you took a good hard look at your credit situation, your credit cards, or Credit Report? Over a year? Two? More?
Truth is, what worked for you credit-wise in the past, may not be serving your overall financial good now ...
Interest … (15 comments)
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credit: Mortgage & Real Estate News You Can Use: Week of February 12, 2014
- 02/12/14 05:59 AM
… (3 comments)
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credit: When Should a Will County - Chicagoland Home Buyer First Seek Financing Guidance?
- 10/22/13 07:41 AM
When Should a Will County - Chicagoland Home Buyer First Seek Financing Guidance?
As a Mortgage Lender, I recommend that potential Home Buyers contact me up to one year in advance of their purchase. That is especially true when that Home Buyer is a First-Time Home Buyer. And here's why ... I recently had a young newly-engaged couple contact me for Mortgage financing. They were hopeful First-Time Home Buyers wanting to learn how well they were currently positioned to buy a home. They also wanted to know more about their Mortgage financing options and … (22 comments)
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credit: Are YOU making your financial life harder than it needs to be?
- 05/17/13 07:47 AM
Are YOU making your financial life harder than it needs to be?
Are YOU paying more for utilities, insurance(s), rent, and cell phone plans than your friends are? You might want to take a look at your Credit ...
Seems I'm always compelled to write something on the topic of Credit. Why it's important to have good Credit. How to establish good Credit. How to improve or repair your Credit. How to keep good Credit Scores ... and much more.
It also seems there's good reason to be concerned about this topic too. … (12 comments)
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credit: Is Your Credit Haunted?
- 05/06/13 07:10 AM
Is Your Credit Haunted? As a Mortgage Lender, one of my most important services is that of credit advisor. Credit advice (in one form or another, whether it's polishing/improving credit, or repairing it) is needed by clients before, throughout, and even following many transactions.
A perfect example of this fact, was the new client I met last Friday. They were hoping to Refinance their present mortgage to reap alower interest rate and shorter term. They'd not run a credit report for quite a while, so they had little idea what their current credit scores were.
… (27 comments)
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credit: Warning: Credit Bureaus Don't Forgive or Forget Quickly!
- 04/10/13 02:23 AM
Warning: Credit Bureaus Don't Forgive or Forget Quickly!
Today, I am frustrated ...
And the scenario over which I am so frustrated has now popped-up a few times within a very short time.
What's the scenario?
Multiple new clients have contacted me for financing. Both purchase and/or refinancing assistance has been requested. Many of these clients have related that they have been contemplating taking action for a quite a while. Great! So what's frustrating about all of this?
A handful of these clients have made late payments … (24 comments)
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credit: "Mortgage Anatomy 101" ... the Current Mortgage Process, Part 2"
- 03/26/13 08:34 AM
"Mortgage Anatomy 101" ... the Current Mortgage Process, Part 2"
In Part 1 of the post, "Mortgage Anatomy 101" ... the Current Mortgage Process" ... I detailed much of what happens in the initial portion of your mortgage process.
In Part 2, I will continue to dig deeper into the mortgage
process and touch upon your mortgage file's submission into Underwriting, the Underwriting itself, and then Loan Approval.
At this portion of the mortgage process, your Loan Officer and Loan Processor have reviewed your file and agreed that it is ready for … (9 comments)
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credit: There are Many Joys and Benefits to Working with Long Time Referral Partners and Friends ... But Today I Won't be Experiencing Them
- 03/19/13 08:31 AM
There are Many Joys and Benefits to Working with
Long Time Referral Partners and Friends ...
But Today I Won't be Experiencing Them
Having been in the mortgage business for so long and having served many of the same referral partners during that entire time, has its good points and its bad. I think the good ones are fairly obvious. Who doesn't love having established long term relationships and working with those that have, after so many years, become good friends too?
But as many pluses as there are to these situations, there … (43 comments)
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credit: The Changing Status of "Non-Traditional Credit References"
- 03/14/13 03:48 AM
The Changing Status of "Non-Traditional Credit References"
When talking with potential clients seeking mortgage financing, one of the very first things I do is provide the address to my website. I've loaded my mortgage website with helpful info and tools to benefit all those that visit there.
One of the bits of info that I use and stress the importance of, is my "Mortgage Checklist". This list includes the info and documentation that is typically needed for mortgage application and processing. Having this list available ahead of time helps applicants tremendously and makes their mortgage … (33 comments)
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credit: I'm Looking For a Few Good ... Questions??
- 03/07/13 07:40 AM
I'm Looking For a Few Good ... Questions??
Business has gotten ... busier. That's a good thing. I mean, who doesn't want to be busy? Or even busi-er in the future?
But there are a few small negatives to being busier too. Like, I'm finding that I just don't have the same amount of time to scour the internet for interesting and informative real estate industry-relevant news as I used to.
The outcome of this has been that I'm not finding the inspiration for my mortgage blog as … (74 comments)
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credit: Don't assume. Pick-up the phone, email, text today. Get the facts as they pertain to you and your personal finances. You may just end up a home OWNER ...
- 03/01/13 07:47 AM
Don't assume. Pick-up the phone, email, text today. Get the facts as they pertain to YOU and YOUR personal finances. You may just end up a home OWNER ...
There are many people presently renting and dreaming of Buying a Home at some point "in the future". After hearing or reading information or talking to others regarding the housing crisis and mortgage financing, they have come to the conclusion that they just can't buy a home now. Or anytime soon.
For some, that's true. Their conclusion is based on fact. Fact surrounding their finances … (9 comments)
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credit: Your Preparation and Planning for Buying a Home Needs to Start Well in Advance of Your Viewing of Homes
- 02/07/13 07:51 AM
Your Preparation and Planning for Buying a Home Needs to Start Well in Advance of Your Viewing of Homes
One of the biggest mistakes I see potential Home Buyers make occurs right at the very beginning of their home buying transaction. Time and time again, I see this same mistake being made. What is it?
They wait too long to have their credit and credit scores checked by a Mortgage Lender ...
And why do they wait too long? Because:
… (6 comments)
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credit: Changes are Ahead! The "Perfect Storm" for Buying a Home Will Not Last Forever
- 02/05/13 12:13 AM
Changes are Ahead! The "Perfect Storm" for Buying a Home Will Not Last Forever
If you're hoping and dreaming of becoming a First-Time Home Buyer, you're probably currently battling with yourself over the timing of a home purchase.
Is NOW the best time? Or should I wait a bit longer?
If you have:
* A secure job .. * Excellent credit ..
* Savings for a Down Payment ... the answer to those questions is probably fairly clear to you. And you may already have taken steps towards achieving your goal.
… (82 comments)
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credit: Phil Mickelson: What he Teaches us About Credit and Credit Reports
- 02/01/13 12:48 AM
Phil Mickelson: What he Teaches us About Credit and Credit Reports
I'm a fan of golfer Phil Mickelson. I'm not alone. Phil is one of the most popular golfers playing in the PGA today.
Now if you follow golf and Phil Mickelson's play, you know that Phil ... well, Phil can make your head spin. One day he'll have you shaking your head with his choice of club, his decision-making, or loss of concentration. Just frustrate the heck out of you. And the next, he'll blind you with the depth of his remarkable … (12 comments)
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credit: 1 More Reason to Have Good Credit ... and Keep Good Credit
- 01/29/13 05:10 AM
1 More Reason to Have Good Credit ... and Keep Good Credit
Did you know that ... according to a survey by the Society for Human Resource Management, 60% of private employers check the credit histories of at least some of their job applicants. 13% conduct them on ALL candidates.
Rather sobering statistics that provide even more credibility to my ongoing message regarding the importance of good credit. Creating a good credit history, then maintaining it is vital these days. It's why I recommend checking your credit, at minimum, once per year, … (37 comments)
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credit: Credit: Who Needs It? Why is it Important? How do you Establish it?
- 01/21/13 11:10 AM
Credit: Who Needs It? Why is it Important? How do you Establish it?
I've been receiving more and more inquiries from young potential Home Buyers as of late. That's reason for celebration, as I believe now is a great time to enter the housing market. With home prices still affordable and interest rates so low, there truly is a golden opportunity for young Buyers.
But with the growing number of young Buyers, I am also seeing a larger number of hopeful clients with what is deemed as insufficient credit "histories". That can mean … (30 comments)
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credit: Credit and Credit Management: Reasons to Pay Attention
- 01/14/13 03:59 AM
Credit and Credit Management: Reasons to Pay Attention
It's not hard to find advice on a full-range of credit issues today. Experts (or so called experts) are everywhere. So I find that most of my clients come to me with the understanding that credit scores are very important ... and growing more so each day.
But experience with Borrowers pertaining to credit management has made it abundantly clear to me, that way too many do not spend enough time or pay the proper attention to their finances. That simple steps needed for credit maintenance are … (26 comments)
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credit: Hoping to become a successful Spring home Seller and Buyer? Part 1 ...
- 01/03/13 05:49 AM
Hoping to become a successful Spring home Seller and Buyer? Part 1 ... In Chicagoland, as in other colder climate regions of the US, the next few months most likely mean cold weather. Blistering winds. Snow. Ice.
Brrrrr ... Does the thought of that have you dreaming of spring and warm weather activities already? If you're presently a home owner and your dreams include selling your home and buying and moving into a new one during the upcoming year ... all indications are that 2013 will be a good … (5 comments)
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credit: Knowing the Financial Philosophy and Standing of a Potential Partner is Growing in Importance
- 12/27/12 03:13 AM
Knowing the Financial Philosophy and Standing of a Potential Partner is Growing in Importance
I read an unbelievably interesting article on Yahoo! Finance today. The focus of the article was credit scores, so it's no stretch to see why the topic caught my eye. But this article had a little bit of an eye-catching twist to it, especially if you are presently single, dating, or hoping to.
The article reported how credit scores are increasingly becoming a topic of conversation for those dating these days. And that those conversations regarding credit … (23 comments)
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credit: Hoping to Buy a Home? Juggling some credit? Don't drop the ball.
- 08/08/12 06:50 AM
Hoping to Buy a Home? Juggling some credit? Don't drop the ball. Juggling some credit? Credit ... credit scores ... credit cards ... debt? Knowing how to handle or utilize your credit and debt to your advantage can seem much like a juggling act. Lose control of even a portion of it or for a second ... and you can drop all the balls. Both figuratively speaking and literally. The topic of credit is obviously one touched-upon often as I speak to my mortgage clients. Questions arise … (16 comments)
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Just Like Your Underwear: 
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