Archive for the ‘Credit’ Category

5 reasons why your mortgage loan can get denied

September 25th, 2015 by

Shopping for a home loan? Don't let these minor errors throw a kink in your mortgage application.You've found the house of your dreams and are ready to apply for a mortgage but are you really ready to be a home owner or are there some detours that need to be ironed out first in order to be a homeowner.Before you start picking out new paint, furniture and designing the kids... [ Read More ]

FHA mortgage loans for lower score borrowers

April 9th, 2014 by

As the economy is strengthening and the economy is starting to get back on its feet, the mortgage industry is starting to loosen guidelines as there is money to lend, not as money homes on the market.  This is creating a need for investment money to be lent as there are not as many transactions in the market place.FHA loans are being allowed with lower credit (FICO) scores.  Scores under 579... [ Read More ]

Does a cash out refinance make sense?

October 22nd, 2012 by

A family asked to look at lowering the interest rate of their current mortgage to a new 30 year loan so they could have the lowest payment possible.After going through the applicaton and pulling their credit, some further analyzing of their total debts and scenarios I found a suggestion to lower their total debt payments, both monthy & over the next five years.There's an auto loan that... [ Read More ]

Credit tips to maintain & boost your FICO (credit) scores

August 25th, 2012 by

Often, I am asked the qeustion  "what can I do to improve my credit score?" So in response to this widely asked question, here are a few of the basics items to maintain a high credit score (Fico score(s)) and to also increase or boost ones score with a few of the basic credit scoring guidelines.Pay your bills on Early, Not just on TimeEveryone knows you need to pay your b... [ Read More ]

Credit tips, how to increase your Fico scores

January 5th, 2012 by

Some of the basic items to keep your Fico score(s) higher and also how to boost your Fico scores are a few basic items.Pay your bills on timeEveryone knows you need to pay your bills on time.  A few months ago as I helped a family refinance, the husband said he thought his Fico scores were around 780 to 800.  Thinking is one thing, but when we pull them it's another.  H... [ Read More ]