by Jon Terry | Oct 25, 2011 | Blog, Foreclosure, Mortgage Guidelines, Mortgages, Personal Finance
The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give “underwater homeowners” opportunity to refinance. With average, 30-year...
by Jon Terry | Oct 12, 2011 | Blog, Buying A Home, Buying in a Recession, Mortgages, Residential Real Estate
This Month I will highlight the second of the five most important loan programs about which consumers need to know. The Colorado Housing and Finance Authority or CHFA was created in 1973 by the Colorado Legislature to address the shortage of affordable housing in the...
by Jon Terry | Oct 11, 2011 | Blog, Buying A Home, Buying in a Recession, Credit, Foreclosure, Mortgages, Residential Real Estate, Short Sale
In these difficult economic times, I am commonly asked whether it would be better to have a short sale or a foreclosure on ones credit report. The answer is complicated and has lot of moving parts. A short sale shows up on your credit report as a “derogatory...
by Jon Terry | Sep 23, 2011 | Blog, Buying A Home, Buying in a Recession, Credit, Mortgages
Pay your bills on time- Pay your bills on time, every time! One way to make sure your payments are on time is to set up automatic payments on the creditor’s website or from your banking institution. Make sure that you have enough funds to clear the account,...
by Jon Terry | Sep 14, 2011 | Blog, Credit, Mortgages
Here are powerful tips to raise your credit score We recently read an article on MSN.com that outlined tips to increase your credit score. As you all know, we believe that knowledge is power, and that is why we live by our motto: “Knowledge is Key.” In...