Archive for February, 2008
Not Stop Making
Not stop making payments during the refinance process. Missing a payment can drastically lower credit scores, which can potentially cause the new loan to be denied. Always pay all bills as they become due. If part of the loan proceeds is used to consolidate debts, any payments made since loan submission will be reflected in [...]
Also Make Sure You Do
also make sure you do your research on the loan program you are considering getting into. Some programs sound attractive because of their low start rate, but in the long term may not be what you are looking for. Do your homework so that you can make a smart and informed decision. Tags: loan, rate, [...]
There Are 5 Factors
There are 5 factors that impact your credit score: 1) payment history 2) outstanding credit balances 3) credit history 4) type of credit 5) inquiries Tags: credit history <BR/>
When Shopping For A Mortgage
When shopping for a mortgage be sure to ask the loan officer you are working with to explain to you how a particular product directly benefit’s you and meets your goals. A 30 year fixed rate mortgage may be a good pick for the home buyer who has found their dream home and plans to [...]
No More Than Seven
No more than seven inquires will be used to calculate the score. Multiple inquires within 14 days, will be counted as a single inquiry. This applies to auto inquiries and mortgage inquiries. Being late on your mortgage is no worse than being late on your credit card. A 60 day or more late is significantly [...]
Remember To Look At The
Remember to look at the amount of dollars in interest that you will end up paying over the life of a loan. Sometimes the lowest payment isn’t the smartest decision in the long term. Tags: loan, lowest <BR/>
A Value (Score) Is Assigned Base
A value (score) is assigned base on the following criteria, in the order of their weight in the scoring formula, payment history, outstanding balances in relation to credit limit’s, length of credit history, number of inquiries, and the type of accounts. Tags: credit history <BR/>
One Other Valuable Do Not
One other valuable do not to include is do not hesitate to contact with any questions or concerns. Our primary goal is to get you the loan you choose and assist you in integrating it into your short and long term financial and investment goals, your payment and equity objective, while assisting you in reducing [...]
Credit Scoring Has Been Utilized
Credit scoring has been utilized by lenders for over 30 years. Credit scoring is a technology used by credit grantors to qualify the risk associated with extending credit to a given borrower. Risk is quantified by means of a score card which calculates a numeric value, or score, for a credit applicant a lender wants [...]
A Good Piece Of Mortgage Advice
A good piece of mortgage advice is, once you apply for a mortgage , do not do anything that could adversely affect your chances of qualifying. Do not quit your job or get fired. Do not cut back on your hours at work. Do not tell anyone at your work about future intentions to leave [...]
