Wow have I learned a lot about credit repair in the last couple of months. One of my mortgage partners and I have been really education ourselves in this arena because that is where the market is. Most of the US has seen a decrease in their credit score and the banks are raising their standards.
Some banks are starting to tier price their FHA loans, although FHA is still not score driven, but the banks are. Between scores going down and criteria going up. It seems that the middle class of credit is being eliminated.
So, we started out looking for knowledge and maybe buying a credit repair franchise, we felt there were no real place to refer them to, they all just seem so slimy.
Then we found this company United Credit Education Services.
Go check out their site. www.United-Credit.org read the FAQ's They have a A- BBB rating (those under 40, that's a good thing)
Contact my friend George at 801-550-1382 or email him at George.Andersen@YourMortgageKey.com
What we have learned there is nothing that can't be removed, seriously.
We are creating buyers and sellers.
True stories.
Folks had ran into some issues a couple of years ago, bunch of lates and other derogs. Well they have been back on track for quite some time and actually have a good chunk of equity. They would like to sell and trade up. BUT their credit is stopping them. They have been enrolled and are about 30 days away from being a great client. They will be selling a $250,000 house and trading up to about $450,000.
Another gentleman knows it is time to buy and has a 580 mid score. Within 45 days, he is up to 610 and we expect him to be able to buy in 30 more days.
You can wait for the market to come to you or you can go get it.
See ya at the trough
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