by Jon Terry | Aug 3, 2011 | Blog, Buying A Home, Credit, Mortgages
When an individual’s income starts growing and they manage to set aside some savings, they commonly experience what may be considered an innate instinct of modern civilized mankind: the desire to spend money. Since North Americans have a special love affair with...
by Jon Terry | May 18, 2011 | Blog, Credit
Up until now a tax lien, paid or unpaid could haunt your credit report for a long time. Depending on what state you live in, a paid tax lien could stay on your report for 7-10 years and an unpaid lien could stay on indefinitely. The IRS announced in February...
by Jon Terry | Apr 27, 2011 | Blog, Credit
When you fill out a credit application, your mortgage broker will run a credit report for the underwriter. Each lender and each loan program has different guidelines they must follow. You should not do anything that will have an adverse affect on your credit score...
by Jon Terry | Mar 22, 2011 | Blog, Credit
Here are 5 major factors that could hurt your score: 35% of the score depends on payment history, taking into account late payments. (One late pay could cost you 75 to 100 points). It is important to pay your bills on time. 30% depends on how much debt you have. Your...
by Jon Terry | Feb 8, 2011 | Blog, Credit
On occasion, a consumer will not have enough credit references to obtain the loan they wish to secure. If this is the case for you, start by opening small lines of credit that report to all of the three major credit bureaus, and make purchases that can be paid off...
by Jon Terry | Jan 11, 2011 | Blog, Buying A Home, Credit
With each New Year many decide to get rid the old and bring in the new. For example, many of my clients are out buying new cars and/or furniture. You will find a lot of great deals and incentives from which to choose, but choose wisely because it could cost you...