Lots of folks on this forum are faced with homebuyers who may have cash, but cant qualify for a loan becuse they have let their credit become bruised. Today it takes a solid 700+ FICO score to get a good loan. If your clients need help with restoring their credit, you can find local credit repa
...
05/14/2010
13.16% of all residential mortgages are in trouble. With about 51 million houses with mortgages in the country, that means 6.71 million bad mortgages out there. With the number of people out of work still rising, the problem is likely to continue to get worse for quite a while according to an art
...
11/14/2009
A couple of interesting articles that could be of interest to first time homebuyers, especially those interested in the $8,000 homebuyer tax credit - How to establish credit history - good article on how people with no credit history can build one quickly. How to boost credit score to obtain a
...
08/30/2009
Not sure if everyone saw this, but this post on "Prime Borrowers Now Going Into Foreclosure" from RateNerd.com. Here is an excerpt: 13.16% of all residential mortgages are in trouble. With about 51 million houses with mortgages in the country, that means 6.71 million bad mortgages out there. W
...
08/30/2009
Reposting from Ratenerd.com - click here to see the original post. If you’re looking for a great deal on a home, check with the bank. Due to high foreclosure rates, banks have tons of inventory they want to get off their books. They wont give it away for nothing, and you need to make sure the
...
08/02/2009
I thought this was a pretty good post and worth passing along - explains what a GFE is and how to use it when comparing loans: http://ratenerd.com/whats-a-good-faith-estimate-gfe-from-my-mortgage-lender-1024
04/08/2009
Check out this book marking tool from Only Wire
03/10/2009
I thought I would pass along an unadvertised deal from Medical Home Alert. This is for the personal emergency response buttons that seniors living alone wear in case they fall or just need help. Their standard internet deal is free equipment, free shipping and monitoring for $29.95 a month with
...
03/10/2009
Thought I would share this article that outlines the impact of the new federal stiumlus bill on mortgages - does anyone else see any other impacts we can take advantage of? http://ratenerd.com/how-the-federal-stimulus-plan-may-affect-your-mortgage-717
03/10/2009
I thought this comment from the Washington Post was interesting: "In some localities, officers are targeting vacant houses on regular patrols, using maps of foreclosed properties as guides, while working with community watch groups to identify trouble spots. Empty driveways, overgrown lawns, real
...
12/13/2008
