sellers: CREDIT IS IMPORTANT
- 05/25/11 05:30 AM
I have a presentation on Thursday morning to 20-25 business professionals about the importance of maintaining a very good credit score. Your credit score goes well beyond the mortgage rate world. Did you know that only 65% of America have a credit score above 650? More importantly, only only 40% of America is above a 750, which is considered the new standard for Conventional Lending. Buying a Car and insuring the car are both influenced by your current score. An excellent FICO score will have a good mix of Installment, Revolving and Mortgage history. An important part of building and keeping … (2 comments)
sellers: LOOK BEFORE YOU LEAP MY REAL ESTATE PROFESSIONALS
- 04/28/11 08:20 AM
STOP !!! DON'T THROW AWAY OR TRASH THE CLIENT THAT HAS SOME CREDIT ISSUES! These individuals or couples who have a history of credit issues, may just turn out to be "DIAMONDS IN THE ROUGH" Each month, I either meet or speak with many individuals who have or have had issues with their credit. I will often find that what they think is "fair" credit is actually and average credit score. These POTENTIAL buyers most often only need someone to review their current income and credit scenerio before they can become qualified to purchase. When a realtor makes a credit referral … (0 comments)
I have a presentation on Thursday morning to 20-25 business professionals about the importance of maintaining a very good credit score. Your credit score goes well beyond the mortgage rate world. Did you know that only 65% of America have a credit score above 650? More importantly, only only 40% of America is above a 750, which is considered the new standard for Conventional Lending. Buying a Car and insuring the car are both influenced by your current score. An excellent FICO score will have a good mix of Installment, Revolving and Mortgage history. An important part of building and keeping … (2 comments)
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