How many times have you or your clients gone online to check mortgage rates to only find out that half way through the transaction you were switched to a much higher interest rate?........ and you are not closing on time! You see if it is too good to be true it probably is. There is no way that these companies can quote you a rate when they don't know your Fico Score, Debt to Income Ratios and even your Loan to Value Ratios. There are too many factors involved with … (4 comments)
Buyer’s Credit Scores What affects a buyers creditscore? How does a short sale or foreclosure affect the credit? What portion of the credit score is based on zero balance accounts? Should those accounts be closed? How can a buyer with bad credit increase their credit score in 6-12 months?
SHOWCASE YOUR LISTINGat the meeting tomorrow by replying to this email with your MLS listing link (public info) by 3pm today (Wednesday).
Education, Networking, Market Update, Virtual Home Tours, Industry Announcements, Continental Breakfast, Raffle & More. Featuring Starbucks Coffee
Join us at our Upland / Claremont real estate professional meeting for networking and education.
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real estate: Do Not of getting a Home Mortgage!
- 10/31/11 04:53 PM
As we all know the Real Estate and Lending profession has become more difficult than ever but this doesn't make our jobs impossible it just means we have to be more proactive in making sure our clients are set-up for a smooth and timely close of escrow. Here is what we need to be conscious of: DO NOT!!
Ø Apply for any credit cards
Ø Purchase high cost items on credit cards
Ø Run credit reports
Ø Co-sign for a loan
Ø Transfer money between accounts
Ø Accept cash from credit cards for … (1 comments)
Beware of On-Line Mortgage Rates that are bait and switch!
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