If you have had credit challenges in the past, beware of unscrupulous companies that promise they can solve all your problems. Far too many take advantage of you. They typically will charge you an upfront setup fee and then a monthly charge for as long as you remain a client. Most of them just take …
Listed below are the 10 credit mistakes to avoid once you’ve been approved for a loan! And if at anytime during your loan process you are unsure about something, always call your loan officer to confirm! DON’T DO ANYTHING THAT WILL CAUSE A RED FLAG TO BE RAISED BY THE CREDIT SCORING SYSTEM. This would include adding new …
When preparing to get a mortgage, lenders take a look at your credit history and typically want to see at least three (3) trade lines that have been open for two years or more. By trade lines we mean credit cards, car loans, student loans or any other form of credit you may have opened that …
You know the drill… You go to the doctor and give them your insurance card. You typically pay a co-pay. If you have a deductible, you might pay that upfront. After you leave the appointment, the doctor or hospital submits a claim to your health insurance company for payment of the allowed amount. Depending on …
COLLECTION ON YOUR CREDIT REPORT? BAD NEWS/GOOD NEWS… Read More »
Some of the most important things you need to know as an adult are not taught at school, and Credit Scoring is one of those things. As a matter of fact, we knew very little ourselves when we started this business 15 years ago. Since then, we have learned how important it is for everyone …
I think most of us can agree that computers and advances in technology have made our lives so much easier. From Google, to GPS, to online bill pay, and ‘the cloud’…it’s all great! But unfortunately, it has made things easier for criminals too. Over the years, identity fraud has been a growing industry in America, …
What would an attorney advise for preventing identity theft? Read More »
With it already being almost May and the transition into 2014 having finally ceased, you might be considering a move. Since real estate prices are up over 13% from last year in metro Atlanta, some of you may finally feel like you can sell for a price that makes sense. And based on real estate …
The most recent recession affected each person and each family differently. Due to unfortunate circumstances beyond their control, many people lost their home. From 2009 – 2011 over 50% of all residential homes sales were attributed to either short sales or foreclosures. Fortunately, times have begun taking a turn for the better- Individuals, families, and …
Boomerang Buyers – The Next Homebuying Explosion Read More »
Just over a year ago, the Obama Administration’s $75 billion mortgage modification program went into effect, a response to the first year of “The Great Recession,” where nearly two million Americans lost their homes through foreclosure, short sales, and deeds in lieu of foreclosure. An effort to rescue homeowners teetering on the brink of disclosure, …
How Loan Modifications are Affecting Credit Reports and Scores Read More »
Once your loan package has been sent to the lender, there are a number of things you should avoid doing that will change your financial picture. Remember, the lender is looking for stability and consistency. If you want the best interest rate, keep that in mind. Here are a few things to consider: Large Deposits …
