Archive for December, 2007
Credit Inquiries Within The Same
Credit inquiries within the same industry within a 30 day period only count as one inquiry. Many lenders will scare you from shopping with a different lender by telling you otherwise. Tags: coun, lender, Credit <BR/>
Debt Consolidation Refinancing Is
debt consolidation refinancing is the practice of moving short-term debt, into a home refinance loan. At closing any debts that have been chosen and listed will be paid from funds, above what is necessary to pay off the original mortgage balance. Tags: debt consolidation, refinance, mortgage <BR/>
8 General Guidelines For
8 General guidelines for keeping clean credit minimize credit inquiries; pay bills early; 3. Pay off revolving cards monthly; 4. Never close a credit account; 5. Don’t switch credit cards to get the best rate; 6. Keep the oldest credit account on your credit report; 7. No more than two major bank cards; 8. No [...]
Sometimes A Debt Consolidation
Sometimes a debt consolidation refinance may cause your total mortgage payment to increase. This is because you will be borrowing more money, to pay off the debt. Don’t worry though, because if you are paying $400 in credit card debt every month and your mortgage payments increase by $200. You will still be saving $200 [...]
If You Are Currently
If you are currently making the minimum credit card payments, then it may take you several years to pay them off. This is considering that you continue to make those same minimum payments throughout the life of the debt. If you were to do a debt consolidation, you could have that debt paid off within [...]
Correct Blatant Mistakes .
Correct blatant mistakes . Your credit score is only as good as what shows up in your credit report. Review your reports from all three credit bureaus for accuracy once a year as well as several months before applying for a loan. Changing a mistake on your report – such as a payment that is [...]
When Analyzing The Benefits
When analyzing the benefits of a debt consolidation refinance you should factor in the amount of time and money it will take you to pay off those credit accounts with your current payment schedule. Tags: refinance, debt consolidation <BR/>
Each Credit Bureau Will
Each credit bureau will have slightly (or not so slightly) different information on file about you. Since all three credit scores will be taken into account when you apply for a mortgage, it is important that you clean up your report with all three bureaus. Tags: mortgage <BR/>
When Considering A Debt Consolidation
When considering a debt consolidation refinance you should look at your short and long term financial goals. Paying high interest bearing credit accounts with your mortgage will often times save you thousands over time. Tags: mortgage, refinance, debt consolidation <BR/>
Getting Your Free Credit Reports
Getting your free credit reports from the three credit bureaus every year is very important. However, credit reports can be difficult to read and interpret. I can go over your credit report with you and tell you what it means. Tags: free credit report <BR/>
