In the fore shadow of a teetering housing recovery, this could be a dagger to the entire real estate industry and all the trades depending on the housing recovery. This will only make it harder for average Americans to afford a home of their own. Landlords will be dancing in the streets
The statistics are compelling and as people become more comfortable with the emerging economy and taking advantage of the affordable prices and interest rates, I think you’ll find this to be a very appealing market, if you’re a buyer!
It is unclear at this point as to whether or not the Federal Government will extend the $8,000 first time buyer tax credit. So as far as any of us are concerned we have to believe that it will come to an end on the 30th of November 2009.
I have had numerous calls since the demise of Taylor Bean Whitaker, mostly those that have been making payments on line. The problem seems that the day they were shut down by
As we enter August, lenders around the country were stunned, including me, when we heard the new that Taylor, Bean Whitaker had been shut down. To the laymen, Taylor, Bean Whitaker (TBW) may not be a household name, but they are one of the largest independent mortgage lenders in the country
You are guilty until proven innocent is the way the credit reports work. It doesn’t matter if the account isn’t your and it doesn’t matter if you can even prove it. If it is on your report… it must be yours. It doesn’t matter if it is reported in error. It doesn’t matter if it isn’t yours. It doesn’t matter if you never missed a payment and it shows
I just want to remind everyone that the clock is ticking on the $8000 tax credit the is set to expire (no one knows if it will be extended or not, why take the risk) November 30th.
It seems incredible that something that can control your financial future is devoted primarily to an automated system. But yet it seems that this is the way the credit reporting system is designed.
Somewhere a clerk (data entry, typically not a high paying job) at the lender or creditor sets up your account and what gets reported to the credit bureaus. Sounds simple enough? They just make sure that your account is reported with the correct information and
I constantly get requests for rate quotes. Here is the problem with rate quotes, it is fiction. It does not matter what rates are today. In almost every instance you will never get today’s rates unless you are in the middle of financing your loan. This means that if you are purchasing a home,
When it comes to the credit reporting agencies (CRA’s), Equifax, TransUnion and Experian, do you ever wonder how much they care about you and the information they carry about your entire financial life?
Those that have waited for the market to improve or think they were waiting for the “bottom” to hit, it has and is probably past that, on the way up. There are two things that you have to consider when looking for a home, one is
Credit Reporting Agencies (CRA’s), Experian, Transunion and Equifax, will report whatever the creditor sends them. In a recent article in SmartMoney (The Wall Street Journal), a spokesman for one of the agencies stated that ““We’re the library,” says Maxine Sweet, Experian’s director of public education. “We don’t write the book.”.
But yet it is that very credit report that will determine whether or not you get a loan, whatever it is that you applied for, or not or the rates and terms, good or bad.
We had a bankruptcy about 9 years ago, ( we both came out of other marriages with financial disaster spouses) and since that time my husband has pretty much paid cash, and “does not have enough credit activity to get a score.”
USDA/Rural is one of only two true zero down loans on the market. The other is a VA home loan.
USDA guaranteed home loan financing is a government guaranteed (not insured) home loan. This means that there is no monthly mortgage insurance to drive up your payments.
Time is ticking away on the $8,000 tax credit (rebate) for home buyers. While December 1st seems like a long way away, remember
I do a lot of posting on Craigslist to promote current loan programs to help you take advantage of the Buyers market.
What is interesting is that I get a lot of comments that people hope this isn’t a scam. Or they are skeptical as to how I can offer a home loan that their own bank or credit union doesn’t. I can only imagine what some people do in this world to try to get people to part with their money. And one of the biggest fears is that we’re offering “sub-prime” home loans.
If lower rates are what you’ve been waiting for, wait no more!
At least for now interest rates for mortgages are as low or the lowest they have been all year, thanks to the stock market waffling. This is because
The housing market, locally, is heating up. I emphasis locally because what happens in other parts of the country to their real estate markets has nothing to do with ours. If theirs, like Florida or California
Well it’s not like it is a huge surprise, it’s just that no one knew this was coming. FHA and VA have just instituted a credit score risk adjustment to their loan products.
If your credit score is under 720 you will pay a higher rate. If it under 660
April 20th 2009 and the income limits for USDA/Rural RDH Home loans has been updated and raised.
The new income limits are substantially higher for people looking to buy
