Renters Get Respect!

By , on March 5th, 2015

Traditionally the only Rental history that gets reported to the credit bureaus is negative! If you fail to make your payment to your landlord…look for a collection account or even a judgment to show up on your credit profile and potentially drop your credit score like a rock! Continue Reading →

How to Build Credit Or Fix Credit Issues

By , on September 26th, 2014

Albert Einstein once said, “Nothing happens until something moves.” Well if you are looking to buy a home, lease a car, apply for credit cards or even look for a job…nothing happens until your credit score moves and moves up!

If you are have had credit issues in the past….simply ignoring what happened does not help. Ignoring a tooth-ache will not improve over time without treatment neither will your credit score!

If you have had credit issues in the past, it’s time you start establishing new (good) credit and start working on deleting old derogatory credit history like late payments, Continue Reading →

FHA Loans May Become A Lot More Costly Soon

By , on January 11th, 2013

So…you are looking to buy a home in 2013 and are considering using a FHA mortgage for financing…don’t delay, because that FHA mortgage could end up costing more very soon. HR 4264 or The Fiscal Solvency Act of 2012 is a bill that has overwhelmingly passed the House and is on its way to the Senate. This bill among other things grants FHA the power to raise its mortgage insurance premiums to as high as 2.05% annually — nearly twice the 1.20% rate most FHA-Insured homeowners currently pay today. Continue Reading →

Government funds of up to $25,000 available to assist first-time home buyers

By , on October 3rd, 2012

If you are considering buying your first home you may very well be asking yourself if now is the time, have prices bottomed out and trying to weigh the risks of buying a home versus the rewards. Well, if this is the case, allow me to give you some things to put on the “rewards” side of the equation…. For starters, with mortgage rates at historic lows, your monthly mortgage payment in most cases should be much lower than what you are currently paying in rent! Remember this…”Your Landlord says Hi…& Thanks You for Paying His Mortgage.” Also, we have seen flexibility from sellers on negotiations and most are helping in paying for the buyers closings costs…so that just leaves the down-payment! Continue Reading →

Historic low mortgage interest rates, Refinancing Options & New HUD program

By , on July 5th, 2012

Interest rates have been strong all year, last week however, we saw mortgage backed securities rally each day and with the release of unemployment figures on Friday we are now officially sitting at historic lows! If you have not taken advantage of these rates…what are you waiting for? Maybe you have been told that you don’t have enough equity in your home due to the housing market trending down over the past few years? Continue Reading →

Is the New Home Affordable Refinance Program Hype or Help?

By , on March 5th, 2012

There are approximately 11-Million homeowners that are underwater, which represents about 23% of all outstanding mortgages. So, here comes another program to help the America Homeowner! Is it hype…or will it help?

Well, the new HARP program (Home Affordable Refinance Program) was released in

Continue Reading →