Credit

Boomerang Buyers – The Next Homebuying Explosion

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 »

How Loan Modifications are Affecting Credit Reports and Scores

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 »

Common Loan Qualification Mistakes

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 …

Common Loan Qualification Mistakes Read More »