by Jon Terry | Aug 22, 2011 | Blog, Buying A Home, Foreclosure, Investors, Mortgages, Residential Real Estate, Selling a Home, Short Sale
As part of our series on Short Sales, we posed some questions to the Linked In community and I thought the questions and answers were worth sharing. As we have discussed, short sales can be a positive solution by helping one avoid foreclosure. Owners facing...
by Jon Terry | Aug 16, 2011 | Blog, Buying A Home, Buying in a Recession, Credit, Mortgages, Selling a Home
Your credit report shows information about how you have used credit, such as how much credit you have, how much of your available credit you are using, whether you have made your payments on time, and whether anyone has sent a loan you owe to a debt collector.A credit...
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...
